Quarterly report pursuant to Section 13 or 15(d)

Investing Receivables

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Investing Receivables
 3 Months Ended
Mar. 31, 2021
Receivables [Abstract]  
Investing Receivables Investing Receivables
 
Investing receivables consisted of the following (in thousands): 
March 31,
2021		 December 31, 2020
Notes receivable from the City of Huntsville $ 67,870  $ 65,564 
Other investing loans receivable 6,041  6,041 
Amortized cost basis 73,911  71,605 
Allowance for credit losses (2,080) (2,851)
Investing receivables, net
 $ 71,831  $ 68,754 
 
The balances above include accrued interest receivable, net of allowance for credit losses, of $601,000 as of March 31, 2021 and $4.8 million as of December 31, 2020.

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 $75 million as of March 31, 2021 and $73 million as of December 31, 2020.