XML 71 R60.htm IDEA: XBRL DOCUMENT v3.23.2
COMMERCIAL LOANS AND INVESTMENTS - Summary of Commercial Loan Investments (Details)
$ in Thousands
6 Months Ended 12 Months Ended
Mar. 01, 2023
USD ($)
Feb. 21, 2023
USD ($)
Apr. 07, 2022
USD ($)
item
Jun. 30, 2023
USD ($)
Dec. 31, 2022
USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Original Face Amount       $ 54,050 $ 40,600
Current Face Amount       47,207 32,073
Carrying Value before CECL       46,962  
Carrying Value       46,483 31,908
CECL Reserve       (479)  
Carrying value at the time of sale       906  
Mortgage Note - 4311 Maple Avenue, Dallas, TX          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Original Face Amount         400
Current Face Amount         400
Carrying Value         $ 395
Coupon Rate         7.50%
Remaining commitment       0  
Amount repaid by borrower   $ 400      
Mortgage Note - Founders Square - Dallas, TX          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Original Face Amount       15,000  
Current Face Amount $ 15,000     15,000  
Carrying Value before CECL       $ 14,867  
Coupon Rate 8.75%     8.75%  
Interest-only term (in years) 3 years        
Origination fee (as percentage) 1.00%        
Origination fee $ 150        
Promissory Note - Main Street - Daytona Beach, FL          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Original Face Amount       $ 350  
Current Face Amount       350  
Carrying Value before CECL       $ 350  
Coupon Rate       8.00%  
Construction Loan - The Exchange At Gwinnett - Buford, GA          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Original Face Amount       $ 8,700 $ 8,700
Current Face Amount       1,857 220
Carrying Value before CECL       $ 1,833  
Carrying Value         $ 173
Coupon Rate       7.25% 7.25%
Loan origination       $ 2,200  
Remaining commitment       0  
Amount repaid by borrower       600  
Improvement Loan For Ashford Lane - Atlanta, Georgia          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Original Face Amount       1,500 $ 1,500
Current Face Amount         1,453
Carrying Value         $ 1,453
Coupon Rate         12.00%
Preferred Investment - Watters Creek - Allen, TX          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Original Face Amount       30,000 $ 30,000
Current Face Amount     $ 30,000 30,000 30,000
Carrying Value before CECL       $ 29,912  
Carrying Value         $ 29,887
Coupon Rate     8.50% 8.75% 8.50%
Origination fee     $ 150    
Percentage of funding towards total investment (as a percent)     23.00%    
Mortgage Loans On Real Estate, Extension Term, Number of Option | item     2    
Mortgage Loans On Real Estate, Extension Term     1 year