COMMERCIAL LOAN INVESTMENTS (Tables)

6 Months Ended

Jun. 30, 2018

COMMERCIAL LOAN INVESTMENTS

Schedule of components of commercial loan investment portfolio

The Company’s commercial loan investment was comprised of the following at June 30, 2018:

	Date of	Maturity	Original Face		Current Face		Carrying
Description	Investment	Date	Amount		Amount		Value		Coupon Rate
First Mortgage – Land Parcel, Daytona Beach Shores, FL	July 2017	August 2018		3,000,000		3,000,000		2,994,916	11.00%

The carrying value of the commercial loan investment portfolio at June 30, 2018 consisted of the following:

	Total
Current Face Amount	$	3,000,000
Unamortized Fees		—
Unaccreted Origination Fees		(5,084)
Total Commercial Loan Investments	$	2,994,916

The Company’s commercial loan investment portfolio was comprised of the following at December 31, 2017:

	Date of	Maturity	Original Face		Current Face		Carrying
Description	Investment	Date	Amount		Amount		Value		Coupon Rate
B-Note – Retail Shopping Center, Sarasota, FL	May 2014	June 2018	$	8,960,467	$	8,960,467	$	8,960,467	30 ‑day LIBOR plus 7.50%
First Mortgage – Land Parcel, Daytona Beach Shores, FL	July 2017	August 2018		3,000,000		3,000,000		2,965,232	11.00%
Total			$	11,960,467	$	11,960,467	$	11,925,699

The carrying value of the commercial loan investment portfolio at December 31, 2017 consisted of the following:

	Total
Current Face Amount	$	11,960,467
Unamortized Fees		—
Unaccreted Origination Fees		(34,768)
Total Commercial Loan Investments	$	11,925,699