Quarterly report pursuant to Section 13 or 15(d)

Investing Receivables

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Investing Receivables
9 Months Ended
Sep. 30, 2023
Receivables [Abstract]  
Investing Receivables Investing Receivables
 
Investing receivables consisted of the following (in thousands): 
September 30,
2023
December 31,
2022
Notes receivable from the City of Huntsville $ 74,347  $ 69,703 
Other investing loans receivable 16,811  17,712 
Amortized cost basis 91,158  87,415 
Allowance for credit losses (3,623) (2,794)
Investing receivables, net $ 87,535  $ 84,621 
 
The balances above include accrued interest receivable, net of allowance for credit losses, of $4.2 million as of September 30, 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 loan receivable as of September 30, 2023 carries a stated interest rate of 12.0% and matures in 2024.

The fair value of these receivables was approximately $92 million as of September 30, 2023 and $87 million as of December 31, 2022.