Asset-Specific Debt, Net

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Asset-Specific Debt, Net

ASSET-SPECIFIC DEBT, NET

The following tables detail our asset-specific debt ($ in thousands):

	September 30, 2022
Asset-Specific Debt		Count	Principal  Balance		Book Value		Wtd. Avg. Yield/Cost(1)		Wtd. Avg.  Term(2)
Collateral assets		4	$	1,125,108	$	1,108,063	+ 4.56	%	March 2026
Financing provided		4	$	959,762	$	949,891	+ 3.09	%	March 2026
	December 31, 2021
Asset-Specific Debt		Count	Principal  Balance		Book Value		Wtd. Avg.  Yield/Cost(1)		Wtd. Avg.  Term(2)
Collateral assets		4	$	446,276	$	435,727	+ 4.04	%	March 2025
Financing provided		4	$	400,699	$	393,824	+ 2.78	%	March 2025

(1)These floating rate loans and related liabilities are currency and indexed matched to the applicable benchmark rate relevant in each arrangement. In addition to cash coupon, yield/cost includes the amortization of deferred origination fees and financing costs.

(2)The weighted-average term is determined based on the maximum maturity of the corresponding loans, assuming all extension options are exercised by the borrower. Our asset-specific debt is term-matched in each case to the corresponding collateral loans.