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v3.22.2.2

COMMERCIAL LOANS AND INVESTMENTS (Tables) | 9 Months Ended
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Sep. 30, 2022
COMMERCIAL LOANS AND INVESTMENTS |
Schedule of components of commercial loan investment portfolio | ​ The Company’s commercial loans and investments were comprised of the following at September 30, 2022 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Description |  | Date of Investment |  | Maturity Date |  | Original Face Amount |  | Current Face Amount |  | Carrying Value |  | Coupon Rate
Mortgage Note – 4311 Maple Avenue – Dallas, TX | ​ | October 2020 | ​ | April 2023 | ​ | ​ | 400 | ​ | ​ | 400 | ​ | ​ | 395 | ​ | 7.50%
Mortgage Note – 110 N Beach Street – Daytona Beach, FL | ​ | June 2021 | ​ | December 2022 | ​ | ​ | 364 | ​ | ​ | 364 | ​ | ​ | 364 | ​ | 10.00%
Construction Loan – The Exchange At Gwinnett – Buford, GA | ​ | January 2022 | ​ | January 2024 | ​ | ​ | 8,700 | ​ | ​ | 324 | ​ | ​ | 266 | ​ | 7.25%
Preferred Investment - Watters Creek – Allen, TX | ​ | April 2022 | ​ | April 2025 | ​ | ​ | 30,000 | ​ | ​ | 30,000 | ​ | ​ | 29,874 | ​ | 8.50%
Construction Loan - WaterStar – Kissimmee, FL | ​ | April 2022 | ​ | November 2022 | ​ | ​ | 19,000 | ​ | ​ | 14,249 | ​ | ​ | 14,249 | ​ | 12.00%
Improvement Loan - Ashford Lane – Atlanta, GA | ​ | May 2022 | ​ | April 2025 | ​ | ​ | 1,500 | ​ | ​ | 1,053 | ​ | ​ | 1,053 | ​ | 12.00%
​ | ​ | ​ | ​ | ​ | ​ | $ | 59,964 | ​ | $ | 46,390 | ​ | $ | 46,201 | ​ | ​
​ The Company’s commercial loans and investments were comprised of the following at December 31, 2021 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Description |  | Date of Investment |  | Maturity Date |  | Original Face Amount |  | Current Face Amount |  | Carrying Value |  | Coupon Rate
Carpenter Hotel – 400 Josephine Street, Austin, TX | ​ | July 2019 | ​ | N/A | ​ | $ | 16,250 | ​ | $ | 16,250 | ​ | $ | 17,189 | ​ | N/A
Westland Gateway Plaza – Hialeah, FL | ​ | September 2020 | ​ | N/A | ​ | ​ | 21,085 | ​ | ​ | 21,085 | ​ | ​ | 21,148 | ​ | N/A
Mortgage Note – 4311 Maple Avenue – Dallas, TX | ​ | October 2020 | ​ | April 2023 | ​ | ​ | 400 | ​ | ​ | 400 | ​ | ​ | 394 | ​ | 7.50%
Mortgage Note – 110 N Beach Street – Daytona Beach, FL | ​ | June 2021 | ​ | December 2022 | ​ | ​ | 364 | ​ | ​ | 364 | ​ | ​ | 364 | ​ | 10.00%
​ | ​ | ​ | ​ | ​ | ​ | $ | 38,099 | ​ | $ | 38,099 | ​ | $ | 39,095 | ​ | ​
​ The carrying value of the commercial loans and investments portfolio at September 30, 2022 and December 31, 2021 consisted of the following (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of
​ |  | September 30, 2022 |  | December 31, 2021
Current Face Amount | ​ | $ | 46,390 | ​ | $ | 38,099
Imputed Interest over Rent Payments Received | ​ | ​ | — | ​ | ​ | 1,002
Unaccreted Origination Fees | ​ | ​ | (185) | ​ | ​ | (2)
CECL Reserve | ​ | ​ | (4) | ​ | ​ | (4)
Total Commercial Loans and Investments | ​ | $ | 46,201 | ​ | $ | 39,095

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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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