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Asset-Specific Debt, Net
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Asset-Specific Debt, Net ASSET-SPECIFIC DEBT, NET
The following table details our asset-specific debt ($ in thousands):

 December 31, 2023
Asset-Specific DebtCount
Principal
 Balance
Book Value(1)
Wtd. Avg.
Yield/Cost(2)
Wtd. Avg.
 Term(3)
Financing provided2$1,004,097 $1,000,210 + 3.14 %March 2026
Collateral assets2$1,194,408 $1,186,559 + 3.98 %March 2026
 
 December 31, 2022
Asset-Specific DebtCount
Principal
 Balance
Book Value(1)
Wtd. Avg.
 Yield/Cost(22)
Wtd. Avg.
 Term(3)
Financing provided4$950,278 $942,503 + 3.29 %January 2026
Collateral assets4$1,094,450 $1,081,035 + 4.73 %January 2026
(1)The book value of underlying collateral assets excludes any applicable CECL reserves.
(2)These floating rate loans and related liabilities are currency and index-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.
(3)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 non-recourse, asset-specific debt is term-matched in each case to the corresponding collateral loans.