Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 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 September 30, 2019 and December 31, 2018 (in thousands):

	September 30, 2019
	Level 1		Level 2		Level 3		Total
Assets:
Interest rate cap	—		6		—		6
Total assets	$	—	$	6	$	—	$	6

	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):

	September 30, 2019
	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Assets:
Loans and finance receivables, net	$	1,079,766	$	1,212,824	$	—	$	—	$	1,212,824
Total assets	$	1,079,766	$	1,212,824	$	—	$	—	$	1,212,824
Liabilities:
Fixed-rate debt	$	240,105	$	234,532	$	—	$	—	$	234,532
Total fixed-rate debt	$	240,105	$	234,532	$	—	$	—	$	234,532

	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