XML 42 R43.htm IDEA: XBRL DOCUMENT v3.2.0.727
Secured Debt Agreements - Additional Information (Detail)
3 Months Ended 6 Months Ended
Jun. 30, 2015
USD ($)
Jun. 30, 2015
USD ($)
Facility
Assets
Dec. 31, 2014
USD ($)
Debt Instrument [Line Items]      
Proceeds from line of credit   $ 256,000,000  
Secured debt agreements borrowings outstanding $ 7,088,738,000 7,088,738,000 $ 2,365,336,000
Covenants, minimum tangible net worth $ 1,900,000,000 $ 1,900,000,000  
Covenants, percentage of tangible assets on cash proceeds from equity issuances   75.00%  
Covenants, percentage of recourse indebtedness 5.00% 5.00%  
Maximum [Member]      
Debt Instrument [Line Items]      
Covenants, EBITDA to fixed charges   1.40%  
Covenants, indebtedness to total assets 83.33% 83.33%  
Minimum [Member]      
Debt Instrument [Line Items]      
Covenants, EBITDA to fixed charges   1.00%  
Covenants, minimum cash liquidity amount $ 10,000,000 $ 10,000,000  
Asset-Specific Repurchase Agreements [Member]      
Debt Instrument [Line Items]      
Proceeds from line of credit   103,100,000  
Weighted-average outstanding balance   $ 375,500,000  
Closing of asset specific repurchase facilities | Assets   1  
Revolving Repurchase Facilities [Member]      
Debt Instrument [Line Items]      
Number of revolving repurchase facilities closed | Facility   3  
Proceeds from line of credit   $ 762,500,000  
Aggregate borrowings 2,600,000,000 $ 2,600,000,000  
Weighted-average initial maturity   1 year 8 months 12 days  
Weighted-average outstanding balance   $ 2,200,000,000  
Approximate credit line amount 3,049,212,000 3,049,212,000  
Amount available for potential future fundings of loan 412,390,000 412,390,000  
Secured debt agreements borrowings outstanding 2,636,822,000 2,636,822,000 $ 2,040,783,000
Current borrowing capacity 2,636,822,000 $ 2,636,822,000  
Revolving Repurchase Facilities [Member] | Wells Fargo [Member]      
Debt Instrument [Line Items]      
LIBOR basis spread on debt obligation, description   L+1.80 %  
LIBOR basis spread on debt obligation   1.80%  
Approximate credit line amount 689,679,000 $ 689,679,000  
Amount available for potential future fundings of loan 139,821,000 $ 139,821,000  
Borrowings maturity term   Term matched  
Current borrowing capacity 549,858,000 $ 549,858,000  
GE Portfolio Acquisition Facility [Member]      
Debt Instrument [Line Items]      
Approximate credit line, advanced upon closing amount 4,000,000,000 4,000,000,000  
Amount available for potential future fundings of loan 162,000,000 162,000,000  
Secured debt agreements borrowings outstanding 4,038,165,000 4,038,165,000  
GE Portfolio Acquisition Facility [Member] | Sequential Repay Advance [Member]      
Debt Instrument [Line Items]      
Secured debt agreements borrowings outstanding 236,700,000 236,700,000  
Current borrowing capacity $ 237,200,000 $ 237,200,000  
Percentage of additional advance 5.00% 5.00%  
Term of maturity date 1 year    
Sequential Repay Advance, percentage of guarantee rate 100.00% 100.00%  
GE Portfolio Acquisition Facility [Member] | Wells Fargo [Member]      
Debt Instrument [Line Items]      
Approximate credit line amount $ 4,200,000,000 $ 4,200,000,000  
GE Portfolio Acquisition Facility [Member] | Asset Specific Borrowings [Member]      
Debt Instrument [Line Items]      
Weighted average rate 80.00%    
Maturity date   May 20, 2020  
Borrowings maturity term   The asset-specific borrowings are term matched to the underlying collateral assets with an outside maturity date of May 20, 2020, which may be extended pursuant to two one-year extension options.  
Secured debt agreements borrowings outstanding $ 3,800,000,000 $ 3,800,000,000  
GE Portfolio Acquisition Facility [Member] | Asset Specific Borrowings [Member] | Maximum [Member]      
Debt Instrument [Line Items]      
Percentage of guarantee rate 25.00% 25.00%  
Guarantee of outstanding borrowings $ 250,000,000    
Weighted-Average Cash Coupon [Member] | Revolving Repurchase Facilities [Member]      
Debt Instrument [Line Items]      
LIBOR basis spread on debt obligation, description   LIBOR plus 1.83% per annum  
LIBOR basis spread on debt obligation   1.83%  
Weighted-Average All-in Cost of Credit [Member] | Revolving Repurchase Facilities [Member]      
Debt Instrument [Line Items]      
LIBOR basis spread on debt obligation, description   LIBOR plus 2.05% per annum  
LIBOR basis spread on debt obligation   2.05%  
Base Rate [Member] | GE Portfolio Acquisition Facility [Member] | Asset Specific Borrowings [Member] | Primary [Member]      
Debt Instrument [Line Items]      
LIBOR basis spread on debt obligation, description   The asset-specific borrowings are currency matched to the collateral assets and accrue interest at a rate equal to the sum of (i) the applicable base rate plus (ii) a margin of 1.75%, which will increase to 1.80% and 1.85% in year four and year five, respectively.  
LIBOR basis spread on debt obligation 1.75%    
Base Rate [Member] | GE Portfolio Acquisition Facility [Member] | Asset Specific Borrowings [Member] | Primary [Member] | Year Four [Member]      
Debt Instrument [Line Items]      
LIBOR basis spread on debt obligation 1.80%    
Base Rate [Member] | GE Portfolio Acquisition Facility [Member] | Asset Specific Borrowings [Member] | Primary [Member] | Year Five [Member]      
Debt Instrument [Line Items]      
LIBOR basis spread on debt obligation 1.85%    
LIBOR [Member] | GE Portfolio Acquisition Facility [Member] | Sequential Repay Advance [Member]      
Debt Instrument [Line Items]      
LIBOR basis spread on debt obligation, description   Accrue interest at a rate equal to the sum of (i) 30-day LIBOR plus (ii) a margin of 3.10%.  
LIBOR basis spread on debt obligation 3.10%