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Senior Notes, Loans Payable and Mortgage Repurchase Facilities (Tables) | 6 Months Ended
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Jun. 30, 2024
Debt Disclosure [Abstract] |
Schedule of Senior Notes, Loans Payable and Mortgage Repurchase Facilities | The Company’s outstanding senior notes (together, the “Senior Notes”) consisted of the following (in thousands):
| June 30, 2024 |  | December 31, 2023 |
5.875% Senior Notes due June 15, 2024 | $ | — |  |  | $ | 450,000 |  |
5.250% Senior Notes due June 1, 2027 | 300,000 |  |  | 300,000 |  |
5.700% Senior Notes due June 15, 2028 | 350,000 |  |  | 350,000 |  |
Discount and deferred loan costs | (3,970) |  |  | (5,751) |  |
Total | $ | 646,030 |  |  | $ | 1,094,249 |  |
The Company’s outstanding loans payable consisted of the following (in thousands):
| June 30, 2024 |  | December 31, 2023
Term loan facility | $ | 250,000 |  |  | $ | 250,000 |
Seller financed loans | 33,929 |  |  | 38,337 |
Total | $ | 283,929 |  |  | $ | 288,337 |
Schedule of Repurchase Agreements | The following table provides a summary of our Repurchase Agreements as of June 30, 2024 ($ in thousands):
Facility | Outstanding Balance |  | Facility Amount |  | Interest Rate |  | Expiration Date |  | Collateral (1)
Warehouse A | $ | 29,476 |  |  | $ | 80,000 |  |  | Term SOFR + 1.75% |  | 3/11/2025 |  | Mortgage Loans
Warehouse B | 2,186 |  |  | 100,000 |  |  | Term SOFR + 1.75% |  | 5/28/2025 |  | Mortgage Loans
Warehouse C (2) | 435 |  |  | 50,000 |  |  | Term SOFR + 1.75% |  | 5/30/2025 |  | Mortgage Loans
Warehouse C (2) | — |  |  | 50,000 |  |  | Term SOFR + 1.75% |  | On Demand |  | Mortgage Loans
Total | $ | 32,097 |  |  | $ | 280,000 |  |  |  |  |  |  |
__________ (1) Mortgage loans held for sale consist of single-family residential loans collateralized by the underlying property. Generally, all of the loans originated by us are sold in the secondary mortgage market within 30 days after origination. As of June 30, 2024, residential mortgage loans available-for-sale had an aggregate fair value of $32.9 million. (2) Warehouse C is a $100 million facility, of which $50 million is committed and $50 million is uncommitted.

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