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Secured Debt Arrangements, Net (Tables) | 12 Months Ended
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Dec. 31, 2018
Debt Disclosure [Abstract] |
Weighted Average Maturities and Interest Rates of Borrowings | At December 31, 2018 and 2017, our borrowings had the following secured debt arrangements, maturities and weighted- average interest rates ($ in thousands):
| December 31, 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) | $ | 1,333,503 |  |  | $ | 680,141 |  |  | June 2021 |  | $ | 1,393,000 |  |  | $ | 944,529 |  |  | March 2020 |  | USD L + 2.30%
JPMorgan Facility (GBP) | 48,497 |  |  | 48,497 |  |  | June 2021 |  | N/A |  |  | N/A |  |  | N/A |  | N/A
DB Repurchase Facility (USD) | 904,181 |  |  | 419,823 |  |  | March 2021 |  | 472,090 |  |  | 225,367 |  |  | March 2020 |  | USD L + 2.56%
DB Repurchase Facility (GBP) | 150,819 |  |  | 150,819 |  |  | March 2021 |  | 93,919 |  |  | 93,919 |  |  | March 2020 |  | GBP L + 2.60%
Goldman Facility | 300,000 |  |  | 210,072 |  |  | November 2020 |  | 331,130 |  |  | 81,380 |  |  | November 2020 |  | USD L + 2.73%
CS Facility (USD) | 187,117 |  |  | 187,117 |  |  | June 2019 |  | N/A |  |  | N/A |  |  | N/A |  | N/A
CS Facility (GBP) | 151,773 |  |  | 151,773 |  |  | June 2019 |  | N/A |  |  | N/A |  |  | N/A |  | N/A
HSBC Facility (GBP) | 48,835 |  |  | 48,835 |  |  | December 2019 |  | N/A |  |  | N/A |  |  | N/A |  | N/A
Sub-total | 3,124,725 |  |  | 1,897,077 |  |  |  |  | 2,290,139 |  |  | 1,345,195 |  |  |  |  |
less: deferred financing costs | N/A |  |  | (17,555 | ) |  |  |  | N/A |  |  | (14,348 | ) |  |  |  | N/A
Total / Weighted-Average | $ | 3,124,725 |  |  | $ | 1,879,522 |  |  | $2,290,139 |  | $1,330,847 |  | USD L + 2.37% /
GBP L + 2.60%
——————— (1) Maturity date assumes extensions at our option are exercised. (2) Weighted-average rate as of December 31, 2018 was USD L + 2.17% / GBP L + 2.28%.
Remaining Maturities of Borrowings | At December 31, 2018, our borrowings had the following remaining maturities ($ in thousands):
| Less than 1 year (1) |  | 1 to 3 years (1) |  | 3 to 5 years |  | More than 5 years |  | Total
JPMorgan Facility | $ | 153,759 |  |  | $ | 574,879 |  |  | $ | — |  |  | $ | — |  |  | $ | 728,638 |
DB Repurchase Facility | 174,293 |  |  | 396,349 |  |  | — |  |  | — |  |  | 570,642 |
Goldman Facility | — |  |  | 210,072 |  |  | — |  |  | — |  |  | 210,072 |
CS Facility - USD | 187,117 |  |  | — |  |  | — |  |  | — |  |  | 187,117 |
CS Facility - GBP | 151,773 |  |  | — |  |  | — |  |  | — |  |  | 151,773 |
HSBC Facility | 48,835 |  |  | — |  |  | — |  |  | — |  |  | 48,835 |
Total | $ | 715,777 |  |  | $ | 1,181,300 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,897,077 |
——————— (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 December 31, 2018, as well as the maximum and average month-end balances for the year ended December 31, 2018 for our borrowings under secured debt arrangements ($ in thousands).
|  |  |  |  | For the year ended December 31, 2018
| Balance at December 31, 2018 |  | Amortized Cost of collateral at December 31, 2018 |  | Maximum Month-End Balance |  | Average Month-End Balance
JPMorgan Facility | $ | 728,638 |  |  | $ | 1,374,235 |  |  | $ | 1,000,854 |  |  | $ | 885,203 |
DB Repurchase Facility | 570,642 |  |  | 921,424 |  |  | 707,405 |  |  | 524,727 |
Goldman Facility | 210,072 |  |  | 362,577 |  |  | 261,691 |  |  | 176,145 |
CS Facility - USD | 187,117 |  |  | 254,064 |  |  | 189,839 |  |  | 109,453 |
CS Facility - GBP | 151,773 |  |  | 216,167 |  |  | 151,915 |  |  | 147,651 |
HSBC Facility | 48,835 |  |  | 69,433 |  |  | 49,896 |  |  | 49,107 |
Total | $ | 1,897,077 |  |  | $ | 3,197,900 |  |  |  |  |

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