Asset-Specific Debt, Net

6 Months Ended

Jun. 30, 2021

Debt Disclosure [Abstract]

Asset-Specific Debt, Net

7. ASSET-SPECIFIC DEBT, NET

The following tables detail our asset-specific debt ($ in thousands):

	June 30, 2021
Asset-Specific Debt	Count	Principal Balance		Book Value		Wtd. Avg. Yield/Cost(1)			Wtd. Avg. Term(2)
Collateral assets	3	$	397,302	$	384,837		+ 4.34	%		Dec. 2024
Financing provided	3	$	299,601	$	292,122		+ 3.15	%		Dec. 2024

	December 31, 2020
Asset-Specific Debt	Count	Principal   Balance		Book Value		Wtd. Avg. Yield/Cost(1)			Wtd. Avg. Term(2)
Collateral assets	4	$	512,794	$	499,085		+ 4.65	%		Oct. 2023
Financing provided	4	$	399,699	$	391,269		+ 3.48	%		Oct. 2023

(1)	These 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 origination fees / financing costs.
(2)	The weighted-average term is determined based on the maximum maturity of the corresponding loans, assuming all extension options are exercised by the borrower. Each of our asset-specific debt is term-matched to the corresponding collateral loans.