Debt Agreements (Tables)

6 Months Ended

Jun. 30, 2021

The table below summarizes our debt agreements as of June 30, 2021 and December 31, 2020:


	Debt Obligation
							Weighted Average		Collateral
	Maximum Facility Size		Principal Balance		Carrying Value		Coupon Rate	Remaining Maturity (1) (years)	Principal Balance		Fair Value (2)
June 30, 2021:
Master Repurchase Facility	$	213,482	$	156,167	$	155,562	L + 2.00%	0.6	$	236,944	$	233,032

December 31, 2020:
Master Repurchase Facility	$	213,482	$	201,051	$	200,233	L + 2.00%	1.1	$	281,654	$	279,381

(1)The weighted average remaining maturity is determined using the current maturity date of the corresponding loans, assuming no borrower loan extension options have been exercised. Our Master Repurchase Facility matures on November 6, 2022.

(2)See Note 5 for further discussion of our financial assets and liabilities not carried at fair value.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details

Tremont Mortgage Trust 10-Q