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Fair Values (Tables)
 9 Months Ended
Sep. 30, 2022
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on Recurring Basis
The following table summarizes our assets and liabilities measured at fair value on a recurring basis ($ in thousands):
 September 30, 2022December 31, 2021
 Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Assets        
Derivatives$— $94,352 $— $94,352 $— $30,531 $— $30,531 
Liabilities
Derivatives$— $979 $— $979 $— $5,890 $— $5,890 
Schedule of Details of Carrying Amount, Face Amount, and Fair Value of Financial Instruments
The following table details the book value, face amount, and fair value of the financial instruments described in Note 2 ($ in thousands):
 September 30, 2022December 31, 2021
 
Book
Value
Face
 Amount
Fair
Value
Book
Value
Face
 Amount
Fair
Value
Financial assets      
Cash and cash equivalents$271,899 $271,899 $271,899 $551,154 $551,154 $551,154 
Loans receivable, net24,278,702 24,576,601 24,067,484 21,878,338 22,156,437 22,013,762 
Debt securities held-to-maturity, net(1)
— — — 78,013 79,200 77,229 
Financial liabilities
Secured debt, net13,188,692 13,213,212 12,887,200 12,280,042 12,299,580 12,299,580 
Securitized debt obligations, net2,844,032 2,855,625 2,785,573 2,838,062 2,855,625 2,850,399 
Asset-specific debt, net949,891 959,762 948,263 393,824 400,699 400,699 
Loan participations sold, net207,225 207,762 203,025 — — — 
Secured term loans, net1,807,017 1,837,717 1,746,369 1,327,406 1,349,271 1,335,844 
Senior secured notes, net394,864 400,000 340,008 394,010 400,000 399,012 
Convertible notes, net513,626 520,000 477,134 619,876 622,500 630,821 
(1)Included in other assets on our consolidated balance sheets.