Investing Receivables

3 Months Ended

Mar. 31, 2024

Investing receivables consisted of the following (in thousands):


	March 31, 2024		December 31, 2023
Notes receivable from the City of Huntsville	$	78,017	$	77,022
Other investing loan receivable	6,867		6,867
Amortized cost basis	84,884		83,889
Allowance for credit losses	(2,361)		(2,377)
Investing receivables, net	$	82,523	$	81,512

The balances above include accrued interest receivable, net of allowance for credit losses, of $822,000 as of March 31, 2024 and $6.0 million as of December 31, 2023.

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 loan receivable as of March 31, 2024 carries a stated interest rate of 12.0% and matures in 2024.

The fair value of these receivables was approximately $85 million as of March 31, 2024 and $84 million as of December 31, 2023.