v3.26.1
Loans (Tables)
 6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Schedule of Preferred Loan Investments Information as to these investments at June 30, 2026 is summarized below (dollars and thousands):
LocationInvestment DateAnnual ReturnCurrent ReturnHurdle ReturnInvested AmountRedemption DateDeferred fees
Wilmington, NCOctober 202413 %6.00 %7.00 %$7,000 November 2031$(106)
Kennesaw, GANovember 202413 %6.50 %6.50 %11,250 June 2029(117)
$18,250 $(223)
The following table provides the net carrying value of the loans made by the Company (i.e., the Preferred Equity Investments) that are outstanding (dollars in thousands):
June 30, 2026December 31, 2025
Unpaid principal balance$18,250 $18,250 
    less: allowance for credit loss(275)(275)
    less: deferred loan fees(223)(252)
Net carrying value$17,752 $17,723