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Secured Debt Arrangements, Net (Tables) | 9 Months Ended
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Sep. 30, 2018
Debt Disclosure [Abstract] |
Weighted Average Maturities and Interest Rates of Borrowings | At September 30, 2018 and December 31, 2017, our borrowings had the following secured debt arrangements, maturities and weighted average interest rates ($ in thousands):
| September 30, 2018 (2) |  | December 31, 2017
| Maximum Amount of Borrowings |  | Borrowings Outstanding |  | Maturity (1) |  | Maximum Amount of Borrowings |  | Borrowings Outstanding |  | Maturity (1) |  | Weighted Average Rate
JPMorgan Facility (USD) | $ | 1,332,450 |  |  | $ | 950,635 |  |  | June 2021 |  | $ | 1,393,000 |  |  | $ | 944,529 |  |  | March 2020 |  | USD L + 2.30%
JPMorgan Facility (GBP) | 49,550 |  |  | 49,550 |  |  | June 2021 |  | N/A |  |  | N/A |  |  | N/A |  | N/A
DB Repurchase Facility (USD) | 900,905 |  |  | 389,525 |  |  | March 2021 |  | 472,090 |  |  | 225,367 |  |  | March 2020 |  | USD L + 2.56%
DB Repurchase Facility (GBP) | 154,095 |  |  | 154,095 |  |  | March 2021 |  | 93,919 |  |  | 93,919 |  |  | March 2020 |  | GBP L + 2.60%
Goldman Facility | 300,000 |  |  | 205,982 |  |  | November 2020 |  | 331,130 |  |  | 81,380 |  |  | November 2020 |  | USD L + 2.73%
CS Facility (USD) | 69,941 |  |  | 69,941 |  |  | March 2019 |  | N/A |  |  | N/A |  |  | N/A |  | N/A
CS Facility (GBP) | 143,993 |  |  | 143,993 |  |  | March 2019 |  | N/A |  |  | N/A |  |  | N/A |  | N/A
HSBC Facility (GBP) | 49,896 |  |  | 49,896 |  |  | September 2019 |  | N/A |  |  | N/A |  |  | N/A |  | N/A
Sub-total | 3,000,830 |  |  | 2,013,617 |  |  |  |  | 2,290,139 |  |  | 1,345,195 |  |  |  |  |
less: deferred financing costs | N/A |  |  | (16,746 | ) |  |  |  | N/A |  |  | (14,348 | ) |  |  |  | N/A
Total / Weighted Average | $ | 3,000,830 |  |  | $ | 1,996,871 |  |  | $2,290,139 |  | $1,330,847 |  | USD L + 2.37% /
| GBP L + 2.60%
——————— (1) Maturity date assumes extensions at our option are exercised. (2) Weighted average rate as of September 30, 2018 was USD L + 2.26% / GBP L + 2.27%.
Remaining Maturities of Borrowings | At September 30, 2018, our borrowings had the following remaining maturities ($ in thousands):
| Less than 1 year (1) |  | 1 to 3 years (1) |  | 3 to 5 years |  | More than 5 years |  | Total
JPMorgan Facility | $ | 334,884 |  |  | $ | 665,301 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,000,185 |
DB Repurchase Facility | 177,164 |  |  | 366,456 |  |  | — |  |  | — |  |  | 543,620 |
Goldman Facility | — |  |  | 205,982 |  |  | — |  |  | — |  |  | 205,982 |
CS Facility - USD | 69,941 |  |  | — |  |  | — |  |  | — |  |  | 69,941 |
CS Facility - GBP | 143,993 |  |  | — |  |  | — |  |  | — |  |  | 143,993 |
HSBC Facility | 49,896 |  |  | — |  |  | — |  |  | — |  |  | 49,896 |
Total | $ | 775,878 |  |  | $ | 1,237,739 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,013,617 |
——————— (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 September 30, 2018, as well as the maximum and average month-end balances for the nine months ended September 30, 2018 for our borrowings under secured debt arrangements ($ in thousands).
|  |  |  |  | For the nine months ended September 30, 2018
| Balance at September 30, 2018 |  | Amortized Cost of collateral at September 30, 2018 |  | Maximum Month-End Balance |  | Average Month-End Balance
JPMorgan Facility | $ | 1,000,185 |  |  | $ | 1,621,477 |  |  | $ | 1,000,854 |  |  | $ | 910,138 |
DB Repurchase Facility | 543,620 |  |  | 955,460 |  |  | 707,405 |  |  | 511,259 |
Goldman Facility | 205,982 |  |  | 278,490 |  |  | 236,764 |  |  | 159,010 |
CS Facility - USD | 69,941 |  |  | 99,013 |  |  | 69,941 |  |  | 69,941 |
CS Facility - GBP | 143,993 |  |  | 220,397 |  |  | 145,937 |  |  | 144,540 |
HSBC Facility | 49,896 |  |  | 70,763 |  |  | 49,896 |  |  | 49,896 |
Total | $ | 2,013,617 |  |  | $ | 3,245,600 |  |  |  |  |

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