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Asset-Specific Debt, Net (Tables)
 9 Months Ended
Sep. 30, 2021
Debt Disclosure [Abstract]  
Summary of Asset-Specific Financings
The following tables detail our asset-specific debt ($ in thousands):
 
    
September 30, 2021
  
Asset-Specific Debt
   
Count
   
Principal

Balance
     
Book Value
     
Wtd. Avg.

Yield/Cost
(1)
    
Wtd. Avg.

Term
(2)
  
Collateral assets
    3    $ 436,562      $ 424,650        + 4.34 %      Dec. 2024  
Financing provided
    3    $ 328,068      $ 320,895        + 3.13 %      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.