Securitized Debt Obligations, Net (Tables)

9 Months Ended

Sep. 30, 2017

Business Combinations [Abstract]

Schedule of Information on Securitized Debt Obligations

The following table details our securitized debt obligations ($ in thousands):

	September 30, 2017
Securitized Debt Obligations	Count	Principal Balance		Book Value		Yield/Cost(1)			Term(2)
Total loan	1	$	644,788	$	641,262		L+3.60	%		June 2023
Securitized debt obligations(3)	1		474,620		474,298		L+1.94	%		June 2033

(1)	In addition to cash coupon, yield/cost includes the amortization of deferred origination fees / financing costs.
(2)	Loan term represents final maturity, assuming all extension options are exercised by the borrower. Repayments of securitized debt obligations are tied to timing of the related collateral loan asset repayments. The term of these obligations represents the rated final distribution date of the securitization.
(3)	During the three and nine months ended September 30, 2017, we recorded $3.8 million of interest expense related to our securitized debt obligations.