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v3.3.0.814

Debt (Details) | 1 Months Ended | 9 Months Ended |  |
--- | --- | --- | --- | ---
Sep. 30, 2015 USD ($) single_family_property | Mar. 31, 2015 USD ($) | Sep. 30, 2013 USD ($) | Sep. 30, 2015 USD ($) single_family_property extension_option pass_through_certificate | Dec. 31, 2014 USD ($) single_family_property | Mar. 31, 2013 USD ($)
Debt Instrument [Line Items] |  |  |  |  |  |
Asset-backed securitizations | $ 2,536,192,000 |  |  | $ 2,536,192,000 | $ 1,519,390,000 |
Secured note payable | 50,980,000 |  |  | 50,980,000 | 51,644,000 |
Credit facility | 0 |  |  | 0 | 207,000,000 |
Total debt | $ 2,587,172,000 |  |  | $ 2,587,172,000 | $ 1,778,034,000 |
Investments, Debt, and Equity Securities, Number of Pass-through Certificates | pass_through_certificate |  |  |  | 8 |  |
Number of properties | single_family_property | 38,377 |  |  | 38,377 | 34,599 |
Single-family properties, net | $ 6,267,464,000 |  |  | $ 6,267,464,000 | $ 5,710,671,000 |
2014-SFR 1 |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Interest rate | 1.79% |  |  | 1.79% |  |
Asset-backed securitizations | $ 474,958,000 |  |  | $ 474,958,000 | 478,565,000 |
Debt instrument initial term |  |  |  | 2 years |  |
Number of extension options | extension_option |  |  |  | 3 |  |
Period of extension options |  |  |  | 12 months |  |
2014-SFR 2 |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Interest rate | 4.42% |  |  | 4.42% |  |
Asset-backed securitizations | $ 508,587,000 |  |  | $ 508,587,000 | 512,435,000 |
2014-SFR 3 |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Interest rate | 4.40% |  |  | 4.40% |  |
Asset-backed securitizations | $ 524,429,000 |  |  | $ 524,429,000 | 528,390,000 |
2015-SFR 1 |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Interest rate | 4.14% | 4.14% |  | 4.14% |  |
Asset-backed securitizations | $ 550,502,000 |  |  | $ 550,502,000 | 0 |
Debt instrument initial term |  | 30 years |  |  |  |
Percentage of rate increased in the event of loan not paid |  | 3.00% |  |  |  |
2015-SFR 1 | Single Family Homes |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
United States Treasury term |  | 10 years |  |  |  |
Gross proceeds from the sale of certificates |  | $ 552,800,000.0 |  |  |  |
Issuance costs for the sale of certificates |  | $ 13,300,000 |  |  |  |
Minimum coverage ratio |  | 1.20 |  |  |  |
Period of debt service considered for debt coverage ratio |  | 12 months |  |  |  |
2015-SFR 2 |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Interest rate | 4.36% |  |  | 4.36% |  |
Asset-backed securitizations | $ 477,716,000 |  |  | $ 477,716,000 | 0 |
LIBOR | 2014-SFR 1 |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt instrument, description of variable rate |  |  |  | LIBOR |  |
Debt instrument, basis spread on variable rate |  |  |  | 0.25% |  |
LIBOR | 2014-SFR 1 | Weighted blended interest rate |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt instrument, description of variable rate |  |  |  | LIBOR |  |
Debt instrument, basis spread on variable rate |  |  |  | 1.54% |  |
Borrower | 2015-SFR 1 |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Loan amount |  | $ 552,800,000.0 |  |  |  |
Borrower | 2015-SFR 1 | Note |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Ratio of monthly principal payment of loan |  | 0.00083 |  |  |  |
Number of properties | single_family_property | 4,661 |  |  | 4,661 |  |
Single-family properties, net | $ 741,500,000 |  |  | $ 741,500,000 |  |
Borrower | 2015-SFR 2 |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Asset-backed securitizations | $ 477,716,000 |  |  | $ 477,716,000 |  |
Debt instrument, basis spread on variable rate | 3.00% |  |  |  |  |
Debt instrument initial term | 30 years |  |  |  |  |
Debt, duration-adjusted weighted-average rate | 4.36% |  |  | 4.36% |  |
United States Treasury term | 10 years |  |  |  |  |
Loan amount | $ 477,700,000 |  |  | $ 477,700,000 |  |
Issuance costs for the sale of certificates | $ 11,300,000 |  |  |  |  |
Minimum coverage ratio | 1.20 |  |  |  |  |
Single-family properties, net | $ 686,800,000 |  |  | $ 686,800,000 |  |
Borrower | 2015-SFR 2 | Single Family Homes |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Number of properties | single_family_property | 4,125 |  |  | 4,125 |  |
Senior Secured Revolving Credit Facility |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Interest rate | 2.96% |  |  | 2.96% |  |
Credit facility amount, maximum |  |  | $ 800,000,000.0 |  |  | $ 500,000,000
Senior Secured Revolving Credit Facility | Until March 2017 |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt instrument, basis spread on variable rate | 2.75% |  |  |  |  |
Senior Secured Revolving Credit Facility | Until March 2017 | LIBOR |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt instrument, description of variable rate |  |  | 30 day LIBOR |  |  |
Debt instrument, basis spread on variable rate |  |  | 2.75% |  |  |
Senior Secured Revolving Credit Facility | March 2017 and Thereafter |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt instrument, basis spread on variable rate | 3.125% |  |  |  |  |
Senior Secured Revolving Credit Facility | March 2017 and Thereafter | LIBOR |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt instrument, description of variable rate |  |  | 30 day LIBOR |  |  |
Debt instrument, basis spread on variable rate |  |  | 3.125% |  |  |
Secured Notes Payable | Note |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Interest rate | 4.06% |  |  | 4.06% |  |
Secured note payable | $ 50,980,000 |  |  | $ 50,980,000 | $ 51,644,000 |

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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 + Details
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- Definition Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 20, 22 -Article 5 + Details
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