8. SECURITIZED DEBT OBLIGATIONS, NET

In the fourth quarter of 2017, we financed a pool of our loans through a collateralized loan obligation, or the CLO, which is consolidated in our financial statements. In the second quarter of 2017, we financed one of our loans through a single asset securitization vehicle, or the Single Asset Securitization, which is also consolidated in our financial statements. The CLO and the Single Asset Securitization have issued securitized debt obligations that are non-recourse to us. Refer to Note 16 for further discussion of our CLO and Single Asset Securitization.

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


	December 31, 2017
Securitized Debt Obligations	Count		Principal Balance		Book Value		Wtd. Avg. Yield/Cost⁽¹⁾			Term⁽²⁾
Collateralized Loan Obligation
Collateral assets		31	$	1,000,000	$	1,000,000		5.16	%		Nov. 2021
Financing provided		1		817,500		808,083		L+1.76	%		June 2035
Single Asset Securitization
Collateral assets⁽³⁾		1		656,406		652,880		L+3.60	%		June 2023
Financing provided		1		474,620		474,328		L+1.94	%		June 2033
Total
Collateral assets		32	$	1,656,406	$	1,652,880		5.17	%

Financing provided⁽⁴⁾		2	$	1,292,120	$	1,282,411		L+1.83	%

(1)

As of December 31, 2017, 98% of our loans financed by securitized debt obligations earned a floating rate of interest. In addition to cash coupon, all-in yield includes the amortization of deferred origination and extension fees, loan origination costs, purchase discounts, and accrual of exit fees. All-in yield for the total portfolio assume applicable floating benchmark rates for weighted-average calculation.

(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 securitizations.

(3)	The collateral assets for the Single Asset Securitization include the total loan amount, of which we securitized $500.0 million.

(4)	During the year ended December 31, 2017, we recorded $8.5 million of interest expense related to our securitized debt obligations.

We did not have any securitized debt obligations as of December 31, 2016.