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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
 9 Months Ended
Sep. 30, 2022
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:
September 30, 2022December 31, 2021
Discount RatePrepayment RateDiscount RatePrepayment Rate
SBA 7(a) loans receivable, subject to credit risk
10.25% - 11.25%
5.00% - 16.50%
6.25% - 8.25%
5.00% - 17.50%
SBA 7(a) loans receivable, subject to loan-backed notes
9.50% - 11.25%
5.00% - 16.50%
5.75% - 7.75%
5.00% - 17.50%
SBA 7(a) loans receivable, paycheck protection programN/AN/A
1.00%
N/A
SBA 7(a) loans receivable, subject to secured borrowings
11.00% - 11.25%
5.00% - 16.50%
7.00% - 7.75%
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):
 September 30, 2022December 31, 2021 
 Carrying
Amount		Estimated
Fair Value		Carrying
Amount		Estimated
Fair Value		Level
Assets: 
SBA 7(a) loans receivable, subject to credit risk$44,945 $46,367 $42,416 $44,399 3 
SBA 7(a) loans receivable, subject to loan-backed notes$14,684 $15,661 $18,077 $19,635 3 
SBA 7(a) loans receivable, paycheck protection program$— $— $4,903 $5,050 3 
SBA 7(a) loans receivable, subject to secured borrowings$6,224 $6,304 $6,891 $6,976 3 
SBA 7(a) loans receivable, held for sale$774 $775 $1,256 $1,355 3 
Liabilities: 
Mortgages payable (1)
$97,100 $90,037 $97,100 $100,838 2, 3
Junior subordinated notes (1)
$27,070 $24,944 $27,070 $24,378 3 
______________________
(1)The carrying amounts for the mortgage payable and junior subordinated notes represents the principal outstanding amounts, excluding deferred debt issuance costs and discounts.