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Loan Participations Sold, Net (Tables)
 12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Summary of Statistics for Loan Participations Sold The following table details our loan participations sold as of December 31, 2018 ($ in thousands):
 
December 31, 2018
 
Loan Participations Sold
 
Count
 
  
Principal
Balance
 
  
Book
Value
 
  
Yield/Cost
(1)
 
  
Guarantee
(2)
 
  
Term
 
Total loan
   
1
    $
         
123,745
    $
         
122,669
     
L+5.92
 %    
n/a
      
Feb. 2022
 
Senior participation
(3)
    
1
     
94,528
     
94,418
     
L+4.07
 %  
$
—
 
 
      
Feb. 2022
 
 
(1) Our floating rate loans and related liabilities are indexed to the various benchmark rates relevant in each arrangement in terms of currency and payment frequency. Therefore the net exposure to each benchmark rate is in direct proportion to our net assets indexed to that rate. In addition to cash coupon, yield/cost includes the amortization of deferred fees / financing costs.
(2)
As of December 31, 2018, our loan participations sold were
non-recourse
to us.
(3)
The difference between principal balance and book value of loan participations sold is due to deferred financing costs of $110,000 as of December 31, 2018.