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v3.24.2.u1

Secured Debt Arrangements, Net - Additional Information (Details) £ in Millions | 3 Months Ended | 6 Months Ended |  |
--- | --- | --- | --- | ---
Jun. 30, 2024 USD ($) | Mar. 31, 2024 USD ($) | Jun. 30, 2023 USD ($) | Jun. 30, 2024 USD ($) | Jun. 30, 2023 USD ($) | Jun. 30, 2024 GBP (£) | Dec. 31, 2023 USD ($)
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Weighted average haircut under repurchase agreements | 30.90% |  |  | 30.90% |  | 30.90% | 31.60%
Long-term line of credit | $ 756,400,000 |  |  | $ 756,400,000 |  |  | $ 669,300,000
Debt instrument, covenant, interest coverage ratio, minimum | 1.4 |  |  | 1.4 |  | 1.4 | 1.5
Maximum interest coverage ratio | 3.75 |  |  | 3.75 |  | 3.75 |
Debt instrument, extension term |  |  |  | 2 years |  |  |
Barclays Securitization | Line of Credit | VIE |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Deferring or waiving debt service payments, term |  |  |  | 18 months |  |  |
Goldman Sachs Repurchase Facility | Line of Credit |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Maximum amount of borrowings | $ 158,900,000 |  |  | $ 158,900,000 |  | £ 125.6 |
Revolving Credit Facility |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Maximum interest coverage ratio | 4 |  |  | 4 |  | 4 |
Revolving Credit Facility | Line of Credit |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Long-term line of credit | $ 17,000,000 |  |  | $ 17,000,000 |  |  | $ 147,000,000
Line of credit facility, commitment fee amount |  | $ 77,100 |  | $ 110,700 |  |  |
Revolving Credit Facility | 2023 Revolving Credit Facility | Line of Credit |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Recourse, percentage | 5.00% |  |  | 5.00% |  | 5.00% |
Minimum unrestricted cash | $ 30,000,000 |  |  | $ 30,000,000 |  |  |
Net cash proceeds of additional equity issuances, amount | $ 1,250,000,000 |  |  | $ 1,250,000,000 |  |  |
Tangible net worth, percentage | 75.00% |  |  | 75.00% |  | 75.00% |
Revolving Credit Facility | 2023 Revolving Credit Facility | Bank of America, N.A. | Line of Credit |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Maximum amount of borrowings | $ 170,000,000 |  |  | $ 170,000,000 |  |  |
Maturity term |  |  |  | 3 years |  |  |
Line of credit facility, qualifying commercial loan borrowings, term |  |  |  | 2 years |  |  |
Line of credit facility, real property owned asset borrowings, term |  |  |  | 6 months |  |  |
Line of credit facility, commitment fee amount | $ 400,000 |  | $ 85,900 |  |  |  |
Line of credit facility, periodic payment, interest |  |  |  | $ 2,300,000 | $ 113,300 |  |
Atlas Facility | Two Existing Credit Facilities | Line of Credit |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Line of credit facility, increase (decrease), net |  |  |  | 113,500,000 |  |  |
Barclays Facility | Two Existing Credit Facilities | Line of Credit |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Line of credit facility, increase (decrease), net |  |  |  | $ 300,000,000 |  |  |

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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 + Details
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