Quarterly report pursuant to Section 13 or 15(d)

Investing Receivables

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Investing Receivables
 6 Months Ended
Jun. 30, 2020
Receivables [Abstract]  
Investing Receivables Investing Receivables
 
Investing receivables consisted of the following (in thousands):
 
 
June 30,
2020
 
December 31,
2019
Notes receivable from the City of Huntsville
$
62,216

 
$
59,427

Other investing loans receivable
14,093

 
14,096

Amortized cost basis
76,309

 
73,523

Allowance for credit losses
(3,976
)
 
—

Investing receivables, net
$
72,333

 
$
73,523


 
The balances above include accrued interest receivable, net of allowance for credit losses, of $1.9 million as of June 30, 2020 and $4.7 million as of December 31, 2019.

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 $77 million as of June 30, 2020 and $74 million as of December 31, 2019.