Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2020

Fair Value Measurements [Abstract]

Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments

			Fair Value Measurements at September 30, 2020 using
	Carrying Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value
FINANCIAL ASSETS:
Cash and restricted cash	$	17,976	$	17,976	$	—	$	—	$	17,976
Certificates of deposit		1,757				1,757				1,757
Loans, net		119,833		—		—		118,966		118,966
Investment in joint venture		889		—		—		889		889
Accrued interest receivable		835		—		—		835		835
FINANCIAL LIABILITIES:
Term-debt	$	52,544	$	—	$	—	$	44,481	$	44,481
Investor notes payable		75,292		—		—		77,293		77,293
Other financial liabilities		514		—		—		514		514

			Fair Value Measurements at December 31, 2019 using
	Carrying Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value
FINANCIAL ASSETS:
Cash and restricted cash	$	25,993	$	25,993	$	—	$	—	$	25,993
Loans, net		128,843		—		—		126,438		126,438
Investment in joint venture		891		—		—		891		891
Accrued interest receivable		635		—		—		635		635
FINANCIAL LIABILITIES:
Term-debt	$	71,427	$	—	$	—	$	55,072	$	55,072
Investor notes payable		73,046		—		—		74,592		74,592
Other financial liabilities		503		—		—		503		503

Schedule of Fair Value Measured on a Nonrecurring Basis

	Fair Value Measurements Using:
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets at September 30, 2020:
Collateral-dependent loans (net of allowance and discount)	$	—	$	—	$	5,815	$	5,815
Investment in joint venture		—		—		889		889
Foreclosed assets (net of allowance)		—		—		301		301
Total	$	—	$	—	$	7,005	$	7,005
Assets at December 31, 2019:
Collateral-dependent loans (net of allowance and discount)	$	—	$	—	$	8,640	$	8,640
Investments in joint venture		—		—		891		891
Foreclosed assets (net of allowance)		—		—		301		301
Total	$	—	$	—	$	9,832	$	9,832

Schedule of Valuation Methodologies Used to Measure the Fair Value Adjustments for Level 3 Assets Recorded at Fair Value on a Nonrecurring Basis

September 30, 2020
Assets	Fair Value (in thousands)		Valuation Techniques	Unobservable Input	Range (Weighted Average)
Impaired Loans	$	5,815	Discounted appraised value	Selling cost / Estimated market decrease	21% - 81%  (23%)
Investment in joint venture		889	Internal evaluations	Estimated future market value	0%  (0%)
Foreclosed Assets		301	Internal evaluations	Selling cost	6%  (6%)

December 31, 2019
Assets	Fair Value (in thousands)		Valuation Techniques	Unobservable Input	Range (Weighted Average)
Impaired loans	$	8,640	Discounted appraised value	Selling cost / Estimated market decrease	21% - 81%  (23%)
Investments in joint venture		891	Internal evaluations	Estimated future market value	0%  (0%)
Foreclosed assets		301	Internal evaluations	Selling cost	6%  (6%)