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LOANS (Tables)
12 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
Schedule of Preferred Loan Investments Information as to these investments at December 31, 2024 is summarized below (dollars and thousands):
LocationInvestment Date Annual ReturnCurrent ReturnHurdle ReturnInvested AmountRedemption DateDeferred fees
Wilmington, NCOctober 202413 %6.00 %7.00 %$7,000 November 2031$135 
Kennesaw, GANovember 202413 %6.50 %6.50 %11,250 June 2029178 
$18,250 $313 
The following table provides the net carrying value of our loans as of December 31, 2024 (dollars in thousands);
December 31, 2024
Unpaid principal balance$18,250 
less: allowance for credit loss(270)
less: deferred loan fees(313)
Net carrying value$17,667