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Secured Debt Arrangements, Net (Tables) | 12 Months Ended
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Dec. 31, 2019
Debt Disclosure [Abstract] |
Weighted Average Maturities and Interest Rates of Borrowings | At December 31, 2019 and 2018, our borrowings had the following secured debt arrangements, maturities and weighted- average interest rates ($ in thousands):
|  | December 31, 2019 (2) |  | December 31, 2018
|  | Maximum Amount of Borrowings |  | Borrowings Outstanding |  | Maturity (1) |  | Maximum Amount of Borrowings |  | Borrowings Outstanding |  | Maturity (1)
| JPMorgan Facility (USD) | $ | 1,154,109 |  |  | $ | 1,090,160 |  |  | June 2024 |  | $ | 1,333,503 |  |  | $ | 680,141 |  |  | June 2021
| JPMorgan Facility (GBP) | 51,702 |  |  | 50,410 |  |  | June 2024 |  | 48,497 |  |  | 48,497 |  |  | June 2021
| JPMorgan Facility (EUR) | 94,189 |  |  | 94,189 |  |  | June 2024 |  | N/A |  |  | N/A |  |  | N/A
| DB Repurchase Facility (USD) | 1,250,000 |  |  | 513,876 |  |  | March 2021 |  | 904,181 |  |  | 419,823 |  |  | March 2021
| DB Repurchase Facility (GBP) | N/A |  |  | N/A |  |  | N/A |  | 150,819 |  |  | 150,819 |  |  | March 2021
| Goldman Facility (USD) | 500,000 |  |  | 322,170 |  |  | November 2021 |  | 300,000 |  |  | 210,072 |  |  | November 2020
| CS Facility - USD | 226,068 |  |  | 218,644 |  |  | June 2020 |  | 187,117 |  |  | 187,117 |  |  | June 2019
| CS Facility - GBP | 93,915 |  |  | 93,915 |  |  | June 2020 |  | 151,773 |  |  | 151,773 |  |  | June 2019
| HSBC Facility - USD | 50,625 |  |  | 50,625 |  |  | October 2020 |  | N/A |  |  | N/A |  |  | N/A
| HSBC Facility - GBP | 34,634 |  |  | 34,634 |  |  | June 2020 |  | 48,835 |  |  | 48,835 |  |  | December 2019
| HSBC Facility - EUR | 154,037 |  |  | 154,037 |  |  | January 2021 |  | N/A |  |  | N/A |  |  | N/A
| Barclays Facility (GBP) | 538,916 |  |  | 290,347 |  |  | February 2024 |  | N/A |  |  | N/A |  |  | N/A
| Barclays Facility (EUR) | 182,549 |  |  | 182,549 |  |  | November 2020 |  | N/A |  |  | N/A |  |  | N/A
| Sub-total | 4,330,744 |  |  | 3,095,556 |  |  |  |  | 3,124,725 |  |  | 1,897,077 |  |  |
| less: deferred financing costs | N/A |  |  | (17,190 | ) |  |  |  | N/A |  |  | (17,555 | ) |  |
| Total / Weighted-Average | $ | 4,330,744 |  |  | $ | 3,078,366 |  |  | $ | 3,124,725 |  |  | $ | 1,879,522 |  |
———————
(1) | Maturity date assumes extensions at our option are exercised.
(2) Weighted-average rate as of December 31, 2019 was USD L + 2.07% / GBP L + 1.75% / EUR L + 1.36%.
Remaining Maturities of Borrowings | At December 31, 2019, 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 | $ | 143,841 |  |  | $ | 251,002 |  |  | $ | 839,916 |  |  | $ | — |  |  | $ | 1,234,759 |
DB Repurchase Facility | 32,400 |  |  | 481,476 |  |  | — |  |  | — |  |  | 513,876 |
Goldman Facility | — |  |  | 322,170 |  |  | — |  |  | — |  |  | 322,170 |
CS Facility - USD | 218,644 |  |  | — |  |  | — |  |  | — |  |  | 218,644 |
CS Facility - GBP | 93,915 |  |  | — |  |  | — |  |  | — |  |  | 93,915 |
HSBC Facility - USD | 50,625 |  |  | — |  |  | — |  |  | — |  |  | 50,625 |
HSBC Facility - GBP | 34,634 |  |  | — |  |  | — |  |  | — |  |  | 34,634 |
HSBC Facility - EUR | — |  |  | 154,037 |  |  | — |  |  | — |  |  | 154,037 |
Barclays Facility (GBP) | — |  |  | — |  |  | 290,347 |  |  | — |  |  | 290,347 |
Barclays Facility (EUR) | 182,549 |  |  | — |  |  | — |  |  | — |  |  | 182,549 |
Total | $ | 756,608 |  |  | $ | 1,208,685 |  |  | $ | 1,130,263 |  |  | $ | — |  |  | $ | 3,095,556 |
——————— (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, 2019, as well as the maximum and average month-end balances for the year ended December 31, 2019 for our borrowings under secured debt arrangements ($ in thousands).
|  |  |  |  | For the year ended December 31, 2019
| Balance at December 31, 2019 |  | Amortized Cost of collateral at December 31, 2019 |  | Maximum Month-End Balance |  | Average Month-End Balance
JPMorgan Facility | $ | 1,234,759 |  |  | $ | 1,845,400 |  |  | $ | 1,234,759 |  |  | $ | 947,400 |
DB Repurchase Facility | 513,876 |  |  | 766,676 |  |  | 757,117 |  |  | 604,067 |
Goldman Facility | 322,170 |  |  | 513,559 |  |  | 324,821 |  |  | 246,318 |
CS Facility - USD | 218,644 |  |  | 308,884 |  |  | 218,644 |  |  | 182,646 |
CS Facility - GBP | 93,915 |  |  | 129,723 |  |  | 150,811 |  |  | 134,694 |
HSBC Facility - USD | 50,625 |  |  | 66,960 |  |  | 50,625 |  |  | 50,625 |
HSBC Facility - GBP | 34,634 |  |  | 49,976 |  |  | 50,784 |  |  | 42,296 |
HSBC Facility - EUR | 154,037 |  |  | 190,780 |  |  | 154,037 |  |  | 151,889 |
Barclays Facility (GBP) | 290,347 |  |  | 738,455 |  |  | 290,347 |  |  | 139,004 |
Barclays Facility (EUR) | 182,549 |  |  | 241,674 |  |  | 182,549 |  |  | 181,159 |
Total | $ | 3,095,556 |  |  | $ | 4,852,087 |  |  |  |  |

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