v3.26.1
Credit Facilities (Tables)
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Summary of Credit Facilities

The following table summarizes the Company's credit facilities as of June 30, 2026 and December 31, 2025, respectively:

 

 

 

 

 

Outstanding Principal as of

 

 

 

 

 

 

($s in thousands)

 

Type

 

June 30, 2026

 

 

December 31, 2025

 

 

Interest Rate as of June 30, 2026

 

 

Maturity

KeyBank credit facility

 

Floating

 

$

52,000

 

 

$

79,500

 

 

 

5.39

%

 

3/30/2029

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Thrivent term loan

 

Fixed

 

 

105,220

 

 

 

105,220

 

 

 

5.39

%

 

10/1/2030

Unamortized deferred financing costs

 

 

 

 

(1,484

)

 

 

(1,635

)

 

 

 

 

 

Term loan, net

 

 

 

$

103,736

 

 

$

103,585

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction loan

 

Floating

 

$

4,310

 

 

$

 

 

 

6.13

%

 

12/5/2028

Summary of Amortization Expense Related to Term Loan

During the three and six months ended June 30, 2026 and 2025, we recognized the following amortization expense related to the KeyBank credit facility and Thrivent Term loan:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

($s in thousands)

 

June 30, 2026

 

 

June 30, 2025

 

 

June 30, 2026

 

 

June 30, 2025

 

KeyBank credit facility

 

$

128

 

 

$

341

 

 

$

217

 

 

$

629

 

Thrivent term loan

 

 

76

 

 

 

 

 

 

152

 

 

 

 

Total

 

$

204

 

 

$

341

 

 

$

369

 

 

$

629