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Loans (Tables) | 9 Months Ended
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Sep. 30, 2025
Receivables [Abstract] |
Schedule of Preferred Loan Investments | Information as to these investments at September 30, 2025 is summarized below (dollars and thousands): Note 6 – Loans (continued)
Location |  | Investment Date |  | Annual Return |  | Current Return |  | Hurdle Return |  | Invested Amount |  | Redemption Date |  | Deferred fees
Wilmington, NC |  | October 2024 |  | 13 | % |  | 6.00 | % |  | 7.00 | % |  | $ | 7,000 |  |  | November 2031 |  | $ | (120) |
Kennesaw, GA |  | November 2024 |  | 13 | % |  | 6.50 | % |  | 6.50 | % |  | 11,250 |  |  | June 2029 |  | (147) |
|  |  |  |  |  |  |  |  |  | $ | 18,250 |  |  |  |  | $ | (267) |
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):
|  | September 30, 2025 |  | December 31, 2024
Unpaid principal balance |  | $ | 18,250 |  |  | $ | 18,250 |
less: allowance for credit loss |  | (270) |  |  | (270) |
less: deferred loan fees |  | (267) |  |  | (313) |
Net carrying value |  | $ | 17,713 |  |  | $ | 17,667 |

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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 -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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