XML 28 R17.htm IDEA: XBRL DOCUMENT v3.22.2.2
INTEREST RESERVE
 9 Months Ended
Sep. 30, 2022
INTEREST RESERVE [Abstract]  
INTEREST RESERVE INTEREST RESERVE
At September 30, 2022 and December 31, 2021, the Company had three and seven loans, respectively, that included a loan-funded interest reserve. For the three and nine months ended September 30, 2022, approximately $3.0 million and $8.6 million, respectively, of aggregate interest income was earned and disbursed from the interest reserves. For the three and nine months ended September 30, 2021, approximately $1.8 million and $2.5 million, respectively, of aggregate interest income was earned and disbursed from the interest reserves.
The following table presents changes in the interest reserve as of and for the three and nine months ended September 30, 2022 and 2021:
Three months ended
September 30,		Nine months ended
September 30,
2022202120222021
Beginning reserves$5,186,615 $5,547,863 $4,782,271 $1,325,750 
New reserves3,970,958 4,525,468 9,970,958 9,450,468 
Reserves disbursed(3,031,143)(1,819,036)(8,626,799)(2,521,923)
Ending reserves$6,126,430 $8,254,295 $6,126,430 $8,254,295