Quarterly report pursuant to Section 13 or 15(d)

Investing Receivables

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Investing Receivables
 9 Months Ended
Sep. 30, 2020
Receivables [Abstract]  
Investing Receivables Investing Receivables
 
Investing receivables consisted of the following (in thousands): 
September 30,
2020		 December 31,
2019
Notes receivable from the City of Huntsville $ 64,009  $ 59,427 
Other investing loans receivable 14,167  14,096 
Amortized cost basis 78,176  73,523 
Allowance for credit losses (4,040) — 
Investing receivables, net
 $ 74,136  $ 73,523 
 
The balances above include accrued interest receivable, net of allowance for credit losses, of $3.4 million as of September 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 $78 million as of September 30, 2020 and $74 million as of December 31, 2019.