Quarterly report pursuant to Section 13 or 15(d)

Notes Receivable from Affiliates

v3.21.2
Notes Receivable from Affiliates
9 Months Ended
Sep. 30, 2021
Related Party Transaction [Line Items]  
Notes Receivable From Affiliate
6.
NOTES RECEIVABLE FROM AFFILIATES

As of September 30, 2021 and December 31, 2020, the Company had the following short-term notes receivable from affiliates outstanding:

 

 

 

September 30,

 

 

December 31,

 

(in thousands)

 

2021

 

 

2020

 

Bridge Office Fund II

 

$

14,140

 

 

$

25,770

 

Bridge Debt Strategies Fund I

 

 

5,335

 

 

 

4,500

 

Bridge Seniors Housing Fund I

 

 

 

 

 

5,000

 

Bridge Seniors Housing Fund II

 

 

 

 

 

5,000

 

Bridge Seniors Housing Fund III

 

 

 

 

 

525

 

Total

 

$

19,475

 

 

$

40,795

 

 

As of September 30, 2021, interest on these loans accrued at a fixed rate of 4.025%.

The Company had interest receivable on these notes as of September 30, 2021 and December 31, 2020 totaling $0.2 million and $0.3 million, respectively, which are included in prepaid and other current assets in the accompanying condensed combined and consolidated balance sheets.