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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
 9 Months Ended
Sep. 30, 2023
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, 2023December 31, 2022
Discount RatePrepayment RateDiscount RatePrepayment Rate
SBA 7(a) loans receivable, subject to credit risk
8.80% - 12.00%
4.88% - 17.50%
11.00% - 11.25%
5.00% - 17.00%
SBA 7(a) loans receivable, subject to loan-backed notes
10.25% - 12.00%
4.88% - 17.50%
N/AN/A
SBA 7(a) loans receivable, subject to secured borrowings
11.25% - 11.75%
5.00% - 17.50%
11.00% - 11.25%
5.00% - 17.00%
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, 2023December 31, 2022 
 Carrying
Amount		Estimated
Fair Value		Carrying
Amount		Estimated
Fair Value		Level
Assets: 
SBA 7(a) loans receivable, subject to credit risk$5,412 $5,184 $56,237 $58,432 3 
SBA 7(a) loans receivable, subject to loan-backed notes$47,456 $50,360 $— $— 3 
SBA 7(a) loans receivable, subject to secured borrowings$4,675 $4,765 $6,158 $6,237 3 
SBA 7(a) loans receivable, held for sale$2,861 $2,981 $152 $126 3 
Liabilities: 
Fixed rate mortgage payable (1)
$97,100 $88,349 $97,100 $90,002 2, 3
Junior subordinated notes (1)
$27,070 $25,216 $27,070 $25,067 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.