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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
 3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Measurement Inputs The following summarizes the ranges of discount rates and prepayment rates used to arrive at the estimated fair values of the Company’s loans receivable:
March 31, 2025December 31, 2024
Discount RatePrepayment RateDiscount RatePrepayment Rate
SBA 7(a) loans receivable, subject to credit risk
7.30% - 10.75%
4.07% - 17.50%
7.30% - 10.75%
4.07% - 17.50%
SBA 7(a) loans receivable, subject to loan-backed notes
9.00% - 10.75%
4.81% - 17.50%
9.00% - 10.75%
4.81% - 17.50%
SBA 7(a) loans receivable, subject to secured borrowings
10.25% - 10.25%
5.00% - 17.50%
10.25% - 10.25%
5.00% - 17.50%
Schedule of Fair Values of Financial Instrument Not Recorded at Fair Value on a Recurring Basis
The estimated fair values of those financial instruments which are not recorded at fair value on a recurring basis on the Company’s consolidated balance sheets are as follows (dollar amounts in thousands):
 March 31, 2025December 31, 2024 
 Carrying
Amount		Estimated
Fair Value		Carrying
Amount		Estimated
Fair Value		Level
Assets: 
SBA 7(a) loans receivable, subject to credit risk$19,717 $20,099 $18,850 $18,994 3 
SBA 7(a) loans receivable, subject to loan-backed notes$31,800 $34,721 $34,452 $37,657 3 
SBA 7(a) loans receivable, subject to secured borrowings$1,371 $1,371 $1,383 $1,383 3 
SBA 7(a) loans receivable, held for sale$151 $152 $1,525 $1,600 3 
Liabilities: 
Mortgages payable (1)
$269,100 $233,949 $269,100 $233,364 3 
Junior subordinated notes (1)
$27,070 $25,888 $27,070 $25,415 3 
______________________
(1)The carrying amounts for the mortgages payable and junior subordinated notes represents the principal outstanding amounts, excluding deferred debt issuance costs and discounts.