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v3.20.2

Long-Term Debt (Details Narrative) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended |  |
--- | --- | --- | --- | --- | ---
Sep. 30, 2020 | Sep. 30, 2019 | Dec. 31, 2017 | Sep. 30, 2020 | Sep. 30, 2019 | Dec. 31, 2019 | Feb. 06, 2019 | Nov. 17, 2017
Capitalized interest | $ 948 | $ 870 |  | $ 2,823 | $ 1,960 |  |  |
Debt cost amortization | 34 |  |  | 102 |  |  |  |
Riverfront permanent loan | 89,027 |  |  | 89,027 |  | $ 88,925 |  |
Wells Fargo Bank, N.A. |  |  |  |  |  |  |  |
Term |  |  |  |  |  | 5 years |  |
Revolving Credit Agreement |  |  |  |  |  |  | $ 20,000 |
Letters of credit issued | 411 |  |  | 411 |  |  |  |
Borrowed under the revolver | 0 |  |  | 0 |  |  |  |
Available for borrowing | 19,589 |  |  | 19,589 |  |  |  |
Available to pay dividends | $ 219,000 |  |  | $ 219,000 |  |  |  |
Letter of credit fee |  |  |  | 1.00% |  |  |  |
Interest rate | 1.149% |  |  | 1.149% |  |  |  |
Covenant compliance |  |  |  | all |  |  |  |
Dock 79 EagleBank |  |  |  |  |  |  |  |
Term |  |  | 120 months |  |  |  |  |
Riverfront permanent loan |  |  |  |  |  |  |  | $ 90,000
Interest rate |  |  |  |  |  |  |  | 4.125%
Payment terms |  |  | During the first 48 months of the loan term, the Joint Venture will make monthly payments of interest only, and thereafter, make monthly payments of principal and interest in equal installments based upon a 30-year amortization period. |  |  |  |  |
Wells Fargo Level I |  |  |  |  |  |  |  |
Commitment fee |  |  |  | 0.15% |  |  |  |
Interest rate over DAILY 1 MONTH LIBOR |  |  |  | 1.00% |  |  |  |
Wells Fargo Level II |  |  |  |  |  |  |  |
Commitment fee |  |  |  | 0.20% |  |  |  |
Interest rate over DAILY 1 MONTH LIBOR |  |  |  | 1.25% |  |  |  |
Wells Fargo Level III |  |  |  |  |  |  |  |
Commitment fee |  |  |  | 0.25% |  |  |  |
Interest rate over DAILY 1 MONTH LIBOR |  |  |  | 1.50% |  |  |  |

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