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Debt (Tables)

3 Months Ended

Mar. 31, 2023

The following is a summary of the Company’s debt as of the periods indicated:


	March 31, 2023							December 31, 2022
Dollars in thousands	Debt		Unamortized Debt Issuance Costs (1)			Net Debt		Debt		Unamortized Debt Issuance Costs (1)			Net Debt
Senior revolving credit facility	$	105,315	$	(1,201	)	$	104,114	$	147,547	$	(1,104	)	$	146,443
RMR II revolving warehouse credit facility		—		—			—		189		—			189
RMR IV revolving warehouse credit facility		65		—			65		18,144		(338	)		17,806
RMR V revolving warehouse credit facility		20,099		—			20,099		286		—			286
RMR VI revolving warehouse credit facility		15,005		—			15,005		—		—			—
RMIT 2020-1 securitization		180,214		(412	)		179,802		180,214		(618	)		179,596
RMIT 2021-1 securitization		248,916		(774	)		248,142		248,916		(985	)		247,931
RMIT 2021-2 securitization		200,192		(1,427	)		198,765		200,192		(1,534	)		198,658
RMIT 2021-3 securitization		125,202		(1,099	)		124,103		125,202		(1,178	)		124,024
RMIT 2022-1 securitization		250,374		(1,629	)		248,745		250,374		(1,841	)		248,533
RMIT 2022-2B securitization		184,295		(1,673	)		182,622		184,295		(1,914	)		182,381
Total	$	1,329,677	$	(8,215	)	$	1,321,462	$	1,355,359	$	(9,512	)	$	1,345,847
Unused amount of revolving credit facilities (subject to borrowing base)	$	580,655						$	555,117

(1) Unamortized debt issuance costs related to the revolving warehouse credit facilities are presented within other assets in the consolidated balance sheets. RMR II had $0.9 million in such costs as of December 31, 2022. RMR IV had $0.4 million of such costs as of March 31, 2023. RMR V had $0.4 million of such costs for both March 31, 2023 and December 31, 2022. RMR VI had $0.9 million of such costs as of March 31, 2023.