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Notes Receivable and Current Expected Credit Losses (Tables)
 6 Months Ended
Jun. 30, 2022
Receivables [Abstract]  
Summary of mezzanine loans
The Company had the following notes receivable outstanding as of June 30, 2022 and December 31, 2021 ($ in thousands):
Outstanding loan amount (a)
Interest compounding
Development ProjectJune 30,
2022		December 31,
2021		Maximum loan commitmentInterest rate
City Park 2$8,014 $— $20,594 13.0 %Annually
Interlock Commercial86,334 95,379 107,000 
(b)
15.0 %None
Nexton Multifamily24,853 23,567 22,315 11.0 %Annually
Total mezzanine & preferred equity119,201 118,946 $149,909 
Exelon note receivable12,834 — 
Other notes receivable7,455 7,234 
Notes receivable guarantee premium1,345 1,243 
Allowance for credit losses(1,452)
(c)
(994)
Total notes receivable$139,383 $126,429 
________________________________________
(a) Outstanding loan amounts include any accrued and unpaid interest, as applicable.
(b) This amount includes interest reserves.
(c) The amount excludes $0.5 million of Current Expected Credit Losses ("CECL") allowance that relates to the unfunded commitments, which was recorded as a liability under Other liabilities in the consolidated balance sheet.
Summary of interest income The Company recognized interest income for the three and six months ended June 30, 2022 and 2021 as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
Development Project2022202120222021
City Park 2$206 
(a)
$— $224 
(a)
$— 
Interlock Commercial2,361 
(a)
3,310 
(a)
5,187 
(a)
6,384 
(a)
Nexton Multifamily672 261 1,286 261 
Solis Apartments at Interlock— 3,068 
(b)
— 4,005 
(b)
Total mezzanine3,239 6,639 6,697 10,650 
Other interest income113 107 223 212 
Total interest income$3,352 $6,746 $6,920 $10,862 
________________________________________
(a) Includes recognition of interest income related to fee amortization.
(b) Includes prepayment premium of $2.4 million from early payoff of the loan.
Allowance for credit losses on financing receivables Changes in the allowance for the three and six months ended June 30, 2022 and 2021 were as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
 2022202120222021
Beginning balance $1,599 $1,741 $994 $2,584 
Unrealized credit loss provision (release)295 388 900 333
Extinguishment due to acquisition— — — (788)
Ending balance (a)
$1,894 $2,129 $1,894 $2,129 
________________________________________
(a) The amount as of June 30, 2022 includes $0.5 million of allowance related to the unfunded commitments, which was recorded as Other liabilities on the consolidated balance sheet.