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Investing Receivables | 3 Months Ended
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Mar. 31, 2025
Receivables [Abstract] |
Investing Receivables | Investing Receivables Investing receivables consisted of the following (in thousands):
| March 31, 2025 |  | December 31, 2024
Notes receivable from the City of Huntsville | $ | 69,990 |  |  | $ | 69,241 |
Other investing loans receivable | 11,802 |  |  | 3,231 |
Amortized cost basis | 81,792 |  |  | 72,472 |
Allowance for credit losses | (3,362) |  |  | (2,792) |
Investing receivables, net | $ | 78,430 |  |  | $ | 69,680 |
The balances above include accrued interest receivable, net of allowance for credit losses, of $833,000 as of March 31, 2025 and $3.2 million as of December 31, 2024. Our notes receivable from the City of Huntsville funded infrastructure costs in connection with our LW Redstone Company, LLC joint venture (see Note 6) and carry an interest rate of 9.95%. Our other investing loans receivable as of March 31, 2025 carry effective interest rates ranging from 12.0% to 14.0% and mature by early 2026. The fair value of these receivables was approximately $82 million as of March 31, 2025 and $72 million as of December 31, 2024.

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