Investing Receivables

3 Months Ended

Mar. 31, 2022

Receivables [Abstract]

Investing Receivables

Investing Receivables

Investing receivables consisted of the following (in thousands): 

	March 31, 2022		December 31, 2021
Notes receivable from the City of Huntsville	$	79,053	$	77,784
Other investing loans receivable	5,040		6,041
Amortized cost basis	84,093		83,825
Allowance for credit losses	(1,676)		(1,599)
Investing receivables, net	$	82,417	$	82,226

The balances above include accrued interest receivable, net of allowance for credit losses, of $386,000 as of March 31, 2022 and $5.3 million as of December 31, 2021.

Our notes receivable from the City of Huntsville funded infrastructure costs in connection with our LW Redstone Company, LLC joint venture (see Note 6) and carry an interest rate of 9.95%. Our other investing loans receivable carry an interest rate of 8.0%.

The fair value of these receivables was approximately $85 million as of March 31, 2022 and $84 million as of December 31, 2021.