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Secured Debt Arrangements, Net (Tables) | 3 Months Ended
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Mar. 31, 2018
Debt Disclosure [Abstract] |
Weighted Average Maturities and Interest Rates of Borrowings | At March 31, 2018 and December 31, 2017, the Company’s borrowings had the following secured debt arrangements, maturities and weighted average interest rates ($ in thousands):
| March 31, 2018 |  | December 31, 2017
| Maximum Amount of Borrowings |  | Borrowings Outstanding |  | Maturity (1) |  | Weighted Average Rate (2) |  | Maximum Amount of Borrowings |  | Borrowings Outstanding |  | Maturity (1) |  | Weighted Average Rate (2)
JPMorgan Facility (3) | $ | 1,382,000 |  |  | $ | 800,535 |  |  | March 2020 |  | USD L + 2.30% |  | $ | 1,393,000 |  |  | $ | 944,529 |  |  | March 2020 |  | USD L + 2.30%
DB Repurchase Facility (USD) (4) | 402,390 |  |  | 157,460 |  |  | March 2020 |  | USD L + 2.48% |  | 472,090 |  |  | 225,367 |  |  | March 2020 |  | USD L + 2.56%
DB Repurchase Facility (GBP) (4) | 165,766 |  |  | 165,766 |  |  | March 2020 |  | GBP L + 2.60% |  | 93,919 |  |  | 93,919 |  |  | March 2020 |  | GBP L + 2.60%
Goldman Facility (5) | 327,750 |  |  | 103,025 |  |  | November 2020 |  | USD L + 2.57% |  | 331,130 |  |  | 81,380 |  |  | November 2020 |  | USD L + 2.73%
Sub-total | 2,277,906 |  |  | 1,226,786 |  |  |  |  |  |  | 2,290,139 |  |  | 1,345,195 |  |  |  |  |
less: deferred financing costs | N/A |  |  | (14,037 | ) |  |  |  | N/A |  | N/A |  |  | (14,348 | ) |  |  |  | N/A
Total / Weighted Average | $ | 2,277,906 |  |  | $ | 1,212,749 |  |  |  |  | USD L + 2.35% / |  | $ | 2,290,139 |  |  | $ | 1,330,847 |  |  |  |  | USD L + 2.37% /
|  | GBP L + 2.60% |  |  |  |  | GBP L + 2.60%
——————— (1) Maturity date assumes extensions at the Company's option are exercised. (2) Based on applicable benchmark rates as of the specified dates on floating rate debt. (3) As of March 31, 2018, the Company's secured debt arrangement with JPMorgan Chase Bank, National Association (the "JPMorgan Facility") provided for maximum total borrowings comprised of a $1.3 billion repurchase facility and $132.0 million of an asset specific financing. (4) As of March 31, 2018, the Company's secured debt arrangement with Deutsche Bank AG, Cayman Islands Branch and Deutsche Bank AG, London Branch (the "DB Repurchase Facility") provided for maximum total borrowings comprised of a $450.0 million repurchase facility and $55.1 million and £45.0 million of asset specific financings. (5) As of March 31, 2018, the Company's secured debt arrangement with Goldman Sachs Bank USA (the "Goldman Facility") provided for maximum total borrowings comprised of a $300.0 million repurchase facility and $27.8 million of an asset specific financing.
Remaining Maturities of Borrowings | At March 31, 2018, the Company’s borrowings had the following remaining maturities ($ in thousands):
| Less than 1 year (1) |  | 1 to 3 years (1) |  | 3 to 5 years |  | More than 5 years |  | Total
JPMorgan Facility | $ | 132,715 |  |  | $ | 667,820 |  |  | $ | — |  |  | $ | — |  |  | $ | 800,535 |
DB Repurchase Facility | 131,419 |  |  | 191,807 |  |  | — |  |  | — |  |  | 323,226 |
Goldman Facility | — |  |  | 103,025 |  |  | — |  |  | — |  |  | 103,025 |
Total | $ | 264,134 |  |  | $ | 962,652 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,226,786 |
——————— (1) Assumes underlying assets are financed through the fully extended maturity date of the facility.
Schedule of Outstanding, Maximum and Average Balances of Debt | The table below summarizes the outstanding balances at March 31, 2018, as well as the maximum and average month-end balances for the three months ended March 31, 2018 for the Company's borrowings under secured debt arrangements ($ in thousands).
|  |  |  |  | For the three months ended March 31, 2018
| Balance at March 31, 2018 |  | Amortized Cost of Collateral at March 31, 2018 |  | Maximum Month-End Balance |  | Average Month-End Balance
JPMorgan Facility | $ | 800,535 |  |  | $ | 1,372,877 |  |  | $ | 914,040 |  |  | $ | 786,087 |
DB Repurchase Facility | 323,226 |  |  | 623,006 |  |  | 329,689 |  |  | 326,536 |
Goldman Facility | 103,025 |  |  | 180,243 |  |  | 103,025 |  |  | 87,312 |
Total | $ | 1,226,786 |  |  | $ | 2,176,126 |  |  |  |  |

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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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