COMMERCIAL LOAN INVESTMENTS (Tables)

6 Months Ended

Jun. 30, 2020

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 June 30, 2020:

Description	Date of Investment	Maturity Date	Original Face Amount		Current Face Amount		Carrying Value		Coupon Rate
Ground Lease Loan – 400 Josephine Street, Austin, TX	July 2019	N/A	$	16,250,000	$	16,250,000	$	16,635,073	N/A
LPGA Buyer Loan – Daytona Beach, FL	Oct 2019	Oct 2020		2,070,000		2,070,000		1,853,839	7.50%
			$	18,320,000	$	18,320,000	$	18,488,912

The carrying value of the commercial loan investment portfolio at June 30, 2020 and December 31, 2019 consisted of the following:

	June 30, 2020		December 31, 2019
Current Face Amount	$	18,320,000	$	34,570,000
Imputed Interest over Rent Payments Received on Ground Lease Loan		385,073		193,943
Unaccreted Origination Fees		(9,161)		(138,770)
Impairment / CECL Reserve		(207,000)		—
Total Commercial Loan Investments	$	18,488,912	$	34,625,173