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v3.20.1

DEBT - Schedule (Details) - USD ($) | 3 Months Ended |
--- | --- | ---
Mar. 31, 2020 | Dec. 31, 2019
Debt |  |
Total Debt | $ 307,899,000 | $ 307,421,000
Mortgages Payable |  |
Debt |  |
Deferred loan costs | (167,000) | (174,000)
Total Debt | 96,933,000 | 96,926,000
Mortgage loan with a fixed interest of 4.14% per annum, due on July 1, 2026 |  |
Debt |  |
Gross debt | $ 97,100,000 | 97,100,000
Fixed interest rate | 4.14% |
Amount of balance due on maturity | $ 97,100,000 |
Secured Borrowings - Government Guaranteed Loans |  |
Debt |  |
Gross debt | 10,138,000 | 12,152,000
Premiums and discounts | 582,000 | 629,000
Total Debt | 10,720,000 | 12,781,000
Secured borrowing principal on SBA 7(a) loans sold for a premium and excess spread |  |
Debt |  |
Gross debt | $ 7,312,000 | $ 7,845,000
Weighted average rate | 5.42% | 5.68%
Secured borrowing principal on SBA 7(a) loans sold for excess spread |  |
Debt |  |
Gross debt | $ 2,826,000 | $ 4,307,000
Weighted average rate | 3.07% | 3.32%
Other Debt |  |
Debt |  |
Gross debt | $ 204,603,000 | $ 202,352,000
Total Debt | 200,246,000 | 197,714,000
Loan-Backed Notes |  |
Debt |  |
Gross debt | $ 18,033,000 | 22,282,000
Loan-Backed Notes | LIBOR |  |
Debt |  |
Interest rate margin | 1.40% |
Loan-Backed Notes | Prime Rate |  |
Debt |  |
Interest rate margin | 1.08% |
Junior subordinated notes |  |
Debt |  |
Gross debt | $ 27,070,000 | 27,070,000
Premiums and discounts | $ (1,749,000) | (1,771,000)
Junior subordinated notes | LIBOR |  |
Debt |  |
Interest rate margin | 3.25% |
Unsecured term loan and credit facilities |  |
Debt |  |
Deferred loan costs | $ (2,608,000) | (2,867,000)
Revolving Credit Facility | Line of Credit |  |
Debt |  |
Gross debt | $ 159,500,000 | $ 153,000,000

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