Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2019

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present information about our assets and liabilities that are measured at fair value on a recurring basis as of June 30, 2019 and December 31, 2018 (in thousands):

	June 30, 2019
	Level 1		Level 2		Level 3		Total
Assets:
Interest rate cap	—		41		—		41
Total assets	$	—	$	41	$	—	$	41

	December 31, 2018
	Level 1		Level 2		Level 3		Total
Assets:
Interest rate cap	$	—	$	1,253	$	—	$	1,253
Total assets	$	—	$	1,253	$	—	$	1,253

Schedule of Assets and Liabilities Disclosed at Fair Value

The following tables summarize the carrying value and fair value of our loans held for investment and fixed-rate debt (in thousands):

	June 30, 2019
	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Assets:
Loans and finance receivables, net	$	1,061,870	$	1,191,009	$	—	$	—	$	1,191,009
Total assets	$	1,061,870	$	1,191,009	$	—	$	—	$	1,191,009
Liabilities:
Fixed-rate debt	$	240,238	$	236,026	$	—	$	—	$	236,026
Total fixed-rate debt	$	240,238	$	236,026	$	—	$	—	$	236,026

	December 31, 2018
	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Assets:
Loans and finance receivables, net	$	1,029,367	$	1,155,464	$	—	$	—	$	1,155,464
Total assets	$	1,029,367	$	1,155,464	$	—	$	—	$	1,155,464
Liabilities:
Fixed-rate debt	$	232,972	$	226,965	$	—	$	—	$	226,965
Total fixed-rate debt	$	232,972	$	226,965	$	—	$	—	$	226,965