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Mortgage Notes
3 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
Mortgage Notes

Note 8 - Mortgage Notes

As of March 31, 2024 and December 31, 2023 the Company held a $36.0 million, non-amortizing, mortgage loan secured by one of its real estate equity properties, net of unamortized deferred financing costs of $0.4 million and $0.5 million, respectively. The loan has a fixed interest rate of 6.05% and a five year term with a maturity date in November 2028. There have been no repayments on this mortgage loan during the three months ended March 31, 2024. During the three months ended March 31, 2024, the Company recorded $21 thousand of deferred financing cost amortization, which is included within interest expense in the condensed consolidated statement of operations. The Company did not have any deferred financing cost amortization for the three months ended March 31, 2023. The Company is in compliance with all covenants as of March 31, 2024.