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Notes Receivable Backed by Real Estate
6 Months Ended
Jun. 30, 2016
Receivables [Abstract]  
Notes Receivable Backed by Real Estate

 

NOTE 6. NOTES RECEIVABLE BACKED BY REAL ESTATE

 

During 2016, $201.3 million of notes backed by real estate and all of the associated accrued interest were paid in full. At June 30, 2016, we had $33.8 million of notes backed by real estate received in connection with the disposition of real estate to a third party. We earn interest on the notes at annual rates ranging from 5.5% to 10.0%. The notes have maturity dates ranging from December 2016 to April 2017.