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Debt (Tables) | 12 Months Ended
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Dec. 31, 2015
Debt Disclosure [Abstract] |
Schedule of Debt | The following table presents the Company's debt as of December 31, 2015 and 2014 (in thousands):
|  |  |  |  | Outstanding Principal Balance
| Interest Rate (1) |  | Maturity Date |  | December 31, 2015 |  | December 31, 2014
2014-SFR1 securitization (2) | 1.97 | % |  | June 9, 2019 |  | $ | 473,755 |  |  | $ | 478,565 |
2014-SFR2 securitization | 4.42 | % |  | October 9, 2024 |  | 507,305 |  |  | 512,435 |
2014-SFR3 securitization | 4.40 | % |  | December 9, 2024 |  | 523,109 |  |  | 528,390 |
2015-SFR1 securitization (3) | 4.14 | % |  | April 9, 2045 |  | 549,121 |  |  | — |
2015-SFR2 securitization (4) | 4.36 | % |  | October 9, 2045 |  | 476,920 |  |  | — |
Total asset-backed securitizations |  |  |  |  | 2,530,210 |  |  | 1,519,390 |
Secured note payable | 4.06 | % |  | July 1, 2019 |  | 50,752 |  |  | 51,644 |
Credit facility (5) | 3.18 | % |  | September 30, 2018 |  | — |  |  | 207,000 |
Total debt (6) |  |  |  |  | $ | 2,580,962 |  |  | $ | 1,778,034 |
Summary of Activity that Relates to Capitalized Interest | The following table displays our total gross interest, including unused commitments and other fees and amortization of deferred financing costs, and capitalized interest for the years ended December 31, 2015, 2014 and 2013 (in thousands):
| For the Years Ended December 31,
| 2015 |  | 2014 |  | 2013
Gross interest cost | $ | 98,103 |  |  | $ | 33,077 |  |  | $ | 10,016 |
Capitalized interest | (8,690 | ) |  | (13,196 | ) |  | (9,646 | )
Interest expense | $ | 89,413 |  |  | $ | 19,881 |  |  | $ | 370 |

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