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Loans Held for Investment, Loans Held for Sale, Notes, Certificates and Secured Borrowings (Tables)
 12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Loans and Notes and Certificates At December 31, 2019 and 2018, loans held for investment, notes, certificates and secured borrowings measured at fair value on a recurring basis were as follows:
 
Loans Held for Investment
 
Notes, Certificates and Secured Borrowings
December 31,
2019
 
2018
 
2019
 
2018
Aggregate principal balance outstanding
$
1,148,888

 
$
2,013,438

 
$
1,148,888

 
$
2,033,258

Net fair value adjustments
(69,573
)
 
(130,187
)
 
(67,422
)
 
(127,383
)
Fair value
$
1,079,315

 
$
1,883,251

 
$
1,081,466

 
$
1,905,875
Schedule of Outstanding Principal Balance of Notes, Certificates and Secured Borrowings at Fair Value
The following table provides the balances of notes, certificates and secured borrowings at fair value at the end of the periods indicated:
December 31,
2019
 
2018
Notes
$
863,488

 
$
1,176,333

Certificates
197,842

 
648,908

Secured borrowings
20,136

 
80,634

Total notes, certificates and secured borrowings
$
1,081,466

 
$
1,905,875
Loans Invested in by Company
At December 31, 2019 and 2018, loans invested in by the Company for which there were no associated notes, certificates or secured borrowings (with the exception of $40.3 million and $286.3 million in loans in consolidated trusts as of December 31, 2019 and 2018, respectively) were as follows:
 
Loans Invested in by the Company
 
Loans Held for Investment
 
Loans Held for Sale
 
Total
December 31,
2019
 
2018
 
2019
 
2018
 
2019
 
2018
Aggregate principal balance outstanding
$
47,042

 
$
3,518

 
$
747,394

 
$
869,715

 
$
794,436

 
$
873,233

Net fair value adjustments
(3,349
)
 
(935
)
 
(25,039
)
 
(29,694
)
 
(28,388
)
 
(30,629
)
Fair value
$
43,693

 
$
2,583

 
$
722,355

 
$
840,021

 
$
766,048

 
$
842,604
Past Due Financing Receivables
Loans that were 90 days or more past due (including non-accrual loans) were as follows:
December 31,
2019
 
2018
Loans held for investment:
 
 
 
Outstanding principal balance
$
10,755

 
$
19,707

Net fair value adjustments
(9,663
)
 
(16,166
)
Fair value
$
1,092

 
$
3,541

Number of loans (not in thousands)
1,428

 
2,309

 
 
 
 
Loans invested in by the Company:
 
 
 
Outstanding principal balance
$
2,315

 
$
2,060

Net fair value adjustments
(2,016
)
 
(1,710
)
Fair value
$
299

 
$
350

Number of loans (not in thousands)
338

 
356