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Fair Value of Financial Instruments
 6 Months Ended
Jun. 30, 2021
Fair Value Disclosures [Abstract]  
Schedule of Comparison of the Carrying Value and Estimated Fair Value of Financial Instruments
A comparison of the carrying amount and estimated fair value of these financial instruments is as follows:

(In millions)As of June 30, 2021As of December 31, 2020
 Carrying
Amount		Estimated Fair
Value		Carrying
Amount		Estimated Fair
Value
Assets    
Cash and cash equivalents$383.5 $383.5 $16.0 $16.0 
Restricted cash and cash equivalents477.4 477.4 380.2 380.2 
Restricted securities available for sale69.3 69.3 66.1 66.1 
Loans receivable, net6,768.1 7,067.2 6,787.9 7,216.4 
Liabilities    
Revolving secured line of credit$— $— $95.9 $95.9 
Secured financing3,978.5 4,042.4 3,711.6 3,793.9 
Senior notes791.5 839.1 790.6 842.0 
Mortgage note10.1 10.1 10.5 10.5 
Schedule of Assets and Liabilities, Measured at Fair Value on a Recurring Basis
The following table provides the level of measurement used to determine the fair value for each of our financial instruments measured or disclosed at fair value:
(In millions)As of June 30, 2021
 Level 1Level 2Level 3Total Fair Value
Assets   
Cash and cash equivalents (1)$383.5 $— $— $383.5 
Restricted cash and cash equivalents (1)477.4 — — 477.4 
Restricted securities available for sale (2)56.4 12.9 — 69.3 
Loans receivable, net (1)— — 7,067.2 7,067.2 
Liabilities    
Revolving secured line of credit (1)$— $— $— $— 
Secured financing (1)— 4,042.4 — 4,042.4 
Senior notes (1)839.1 — — 839.1 
Mortgage note (1)— 10.1 — 10.1 
(In millions)As of December 31, 2020
 Level 1Level 2Level 3Total Fair Value
Assets    
Cash and cash equivalents (1)$16.0 $— $— $16.0 
Restricted cash and cash equivalents (1)380.2 — — 380.2 
Restricted securities available for sale (2)52.8 13.3 — 66.1 
Loans receivable, net (1)— — 7,216.4 7,216.4 
Liabilities    
Revolving secured line of credit (1)$— $95.9 $— $95.9 
Secured financing (1)— 3,793.9 — 3,793.9 
Senior notes (1)842.0 — — 842.0 
Mortgage note (1)— 10.5 — 10.5 

(1)Measured at amortized cost with fair value disclosed.
(2)Measured at fair value on a recurring basis