COMMERCIAL LOAN INVESTMENTS (Tables)

9 Months Ended

Sep. 30, 2019

COMMERCIAL LOAN INVESTMENTS

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

The Company’s commercial loan investments were comprised of the following at September 30, 2019:

	Date of	Maturity	Original Face		Current Face		Carrying
Description	Investment	Date	Amount		Amount		Value		Coupon Rate
First Mortgage – 72-Acre Land Parcel, Orlando, FL	June 2019	June 2020	$	8,000,000	$	8,000,000	$	7,887,650	12.00%
Mortgage Note - 400 Josephine Street, Austin, TX	July 2019	July 2020		8,250,000		8,250,000		8,187,282	11.50%
Ground Lease Loan - 400 Josephine Street, Austin, TX	July 2019	N/A		16,250,000		16,250,000		16,344,761	N/A
			$	32,500,000	$	32,500,000	$	32,419,693

The carrying value of the commercial loan investment portfolio at September 30, 2019 consisted of the following:

	Total
Current Face Amount	$	32,500,000
Imputed Interest on Ground Lease Loan		94,761
Unaccreted Origination Fees		(175,068)
Total Commercial Loan Investments	$	32,419,693