Consolidated-Tomoka Land Co. announced that the outstanding principal balance on the company's commercial mortgage loan investment has been paid off prior to its scheduled maturity. The loan investment had an original principal balance of $19.56 million and was secured by a hotel in Atlanta, Georgia.

The company acquired the loan investment in August 2013 for approximately $17.65 million. Including principal payments, interest payments, and fees the company earned approximately $2.5 million in the 5 months of this loan investment.