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SCHEDULE OF LOANS PAYABLE (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2024 | Dec. 31, 2023
Short-Term Debt [Line Items] |  |  |
Total Loans Payable |  | $ 27,320 | $ 94,683
Debt instrument, interest rate |  | 6.47% | 6.98%
Unamortized debt issuance costs |  | $ (1,352) | $ (1,204)
Loans Payable, net of unamortized debt issuance costs |  | $ 25,968 | $ 93,479
Loans payable, net of unamortized debt issuance costs percentage |  | 6.81% | 7.07%
Margin Loan [Member] |  |  |
Short-Term Debt [Line Items] |  |  |
Total Loans Payable | [1] | $ 0 | $ 0
Unsecured Line of Credit [Member] |  |  |
Short-Term Debt [Line Items] |  |  |
Total Loans Payable | [2] | 0 | $ 70,000
Debt instrument, interest rate | [2] |  | 7.27%
Floorplan Inventory Financing [Member] |  |  |
Short-Term Debt [Line Items] |  |  |
Total Loans Payable | [3] | $ 3,123 | $ 0
Debt instrument, interest rate | [3] | 8.97% |
FirstBank Rental Home Loan [Member] |  |  |
Short-Term Debt [Line Items] |  |  |
Total Loans Payable | [4] | $ 24,197 | $ 24,683
Debt instrument, interest rate | [4] | 6.15% | 6.15%
FirstBank Rental Home Line of Credit [Member] |  |  |
Short-Term Debt [Line Items] |  |  |
Total Loans Payable | [5] | $ 0 | $ 0
Triad Rental Home Loan [Member] |  |  |
Short-Term Debt [Line Items] |  |  |
Total Loans Payable | [6] | 0 | 0
OceanFirst Notes Receivable Financing [Member] |  |  |
Short-Term Debt [Line Items] |  |  |
Total Loans Payable | [7] | $ 0 | $ 0
[1] | Collateralized by the Company’s securities portfolio and is due on demand. The Company must maintain a coverage ratio of approximately 2 times.
[2] | Represents an unsecured revolving credit facility syndicated with three banks, BMO Capital Markets Corp., JPMorgan Chase Bank, N.A, and Wells Fargo, N.A. Total available borrowings under this facility is $260 million.
[3] | Represents revolving credit agreements totaling $108.5 million with 21st Mortgage Corporation (“21st Mortgage”), Customers Bank, Northpoint Commercial Finance and Triad Financial Services (“Triad”) to finance inventory purchases. Interest rates on these agreements range from prime minus 0.75% to SOFR plus 4%. Subsequent to quarter end, the Company paid down this balance.
[4] | Represents a term loan secured by rental homes and rental home leases, with a fixed interest rate of 6.15% and a maturity of date of May 10, 2028.
[5] | Represents a $25 million revolving line of credit secured by rental homes and their leases with a 5-year term and a variable interest rate of prime.
[6] | Represents a $30 million revolving line of credit secured by rental homes and rental home leases, with an interest rate of prime plus 0.25%, with a minimum of 5%.
[7] | Represents a revolving line of credit secured by eligible notes receivable, with an interest rate of prime with a floor of 4.75%.

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