Quarterly report pursuant to Section 13 or 15(d)

Investing Receivables

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Investing Receivables
 3 Months Ended
Mar. 31, 2023
Receivables [Abstract]  
Investing Receivables Investing Receivables
 
Investing receivables consisted of the following (in thousands): 
March 31,
2023		 December 31, 2022
Notes receivable from the City of Huntsville $ 70,592  $ 69,703 
Other investing loans receivable 17,844  17,712 
Amortized cost basis 88,436  87,415 
Allowance for credit losses (2,937) (2,794)
Investing receivables, net $ 85,499  $ 84,621 
 
The balances above include accrued interest receivable, net of allowance for credit losses, of $750,000 as of March 31, 2023 and $2.9 million as of December 31, 2022.
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 as of March 31, 2023 carry interest rates ranging from 12.0% to 14.0% and mature within one year.

The fair value of these receivables was approximately $89 million as of March 31, 2023 and $87 million as of December 31, 2022.