XML 67 R49.htm IDEA: XBRL DOCUMENT v3.3.1.900
Secured Debt Agreements - Additional Information (Detail)
3 Months Ended 12 Months Ended
Dec. 31, 2015
USD ($)
Jun. 30, 2015
USD ($)
ExtensionOptions
Dec. 31, 2015
USD ($)
Facility
Assets
Dec. 31, 2014
USD ($)
Debt Instrument [Line Items]        
Approximate credit line, outstanding amount     $ 256,000,000  
Maturity date     Feb. 29, 2016  
Secured debt agreements borrowings outstanding $ 6,116,105,000   $ 6,116,105,000 $ 2,353,279,000
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, in percent     1.40%  
Covenants, indebtedness to total assets, in percent 83.33%   83.33%  
Minimum [Member]        
Debt Instrument [Line Items]        
Covenants, EBITDA to fixed charges, in percent     1.00%  
Covenants, minimum cash liquidity amount $ 10,000,000   $ 10,000,000  
Asset-Specific Repurchase Agreements [Member]        
Debt Instrument [Line Items]        
Additional credit capacity     103,100,000  
Weighted-average outstanding balance     $ 340,200,000 257,900,000
Closing of asset specific repurchase facilities | Assets     1  
GE Portfolio Acquisition Facility [Member] | Sequential Repay Advance [Member]        
Debt Instrument [Line Items]        
Term of maturity date   1 year    
Secured debt agreements borrowings outstanding 40,700,000   $ 40,700,000  
Current borrowing capacity   $ 237,200,000    
Percentage of additional advance   5.00%    
Sequential Repay Advance, percentage of guarantee rate   100.00%    
GE Portfolio Acquisition Facility [Member] | Wells Fargo [Member]        
Debt Instrument [Line Items]        
Approximate credit line amount 3,300,000,000   3,300,000,000  
Approximate credit line, outstanding amount 3,200,000,000      
Amount available for potential future fundings of loan 142,600,000   $ 142,600,000  
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.  
Number of extension options | ExtensionOptions   2    
Term of maturity date   1 year    
Secured debt agreements borrowings outstanding 3,100,000,000   $ 3,100,000,000  
GE Portfolio Acquisition Facility [Member] | Asset Specific Borrowings [Member] | Maximum [Member]        
Debt Instrument [Line Items]        
Percentage of guarantee rate   25.00%    
Guarantee of outstanding borrowings   $ 250,000,000    
Revolving Repurchase Facilities [Member]        
Debt Instrument [Line Items]        
Number of revolving repurchase facilities closed | Facility     5  
Additional credit capacity     $ 1,500,000,000  
Weighted-average outstanding balance     2,500,000,000 1,400,000,000
Aggregate borrowings 2,900,000,000   $ 2,900,000,000 $ 2,000,000,000
Weighted-average advance rate     79.14%  
Weighted-average initial maturity     1 year 4 months 24 days 1 year 9 months 18 days
Approximate credit line amount 4,804,267,000   $ 4,804,267,000 $ 3,377,205,000
Amount available for potential future fundings of loan 504,778,000   504,778,000 384,567,000
Current borrowing capacity 3,363,492,000   $ 3,363,492,000 2,425,350,000
Revolving Repurchase Facilities [Member] | Wells Fargo [Member]        
Debt Instrument [Line Items]        
Debt instrument variable rate basis     L+1.78 %  
Weighted-average advance rate     79.40%  
Approximate credit line amount 1,172,000,000   $ 1,172,000,000 1,000,000,000
Amount available for potential future fundings of loan 132,077,000   $ 132,077,000 101,372,000
Borrowings maturity term     Term matched  
Current borrowing capacity $ 817,562,000   $ 817,562,000 $ 585,737,000
LIBOR [Member] | GE Portfolio Acquisition Facility [Member] | Sequential Repay Advance [Member]        
Debt Instrument [Line Items]        
Debt instrument variable rate basis     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, in percent   3.10%    
LIBOR [Member] | Revolving Repurchase Facilities [Member] | Wells Fargo [Member]        
Debt Instrument [Line Items]        
LIBOR basis spread on debt obligation, in percent     1.78%  
Weighted-Average Cash Coupon [Member] | Revolving Repurchase Facilities [Member]        
Debt Instrument [Line Items]        
Debt instrument variable rate basis     LIBOR plus 1.82% per annum  
LIBOR basis spread on debt obligation, in percent     1.82% 1.88%
Weighted-Average All-in Cost of Credit [Member] | Revolving Repurchase Facilities [Member]        
Debt Instrument [Line Items]        
Debt instrument variable rate basis     LIBOR plus 2.04% per annum  
LIBOR basis spread on debt obligation, in percent     2.04% 2.11%
Base Rate [Member] | GE Portfolio Acquisition Facility [Member] | Asset Specific Borrowings [Member] | Primary [Member]        
Debt Instrument [Line Items]        
Debt instrument variable rate basis     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, in percent   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, in percent   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, in percent   1.85%