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SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE
 12 Months Ended
Dec. 31, 2021
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]  
SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE
Property Type/LocationInterest RateMaturity Date
Maximum Maturity Date (1)
Payment Terms (2)
Prior Liens (3)
PrincipalCarrying Value
First Mortgage Loans (4)
Office, Downers Grove, IL
L + 4.25%
11/25/202311/25/2024I/O—$29,500 $29,384 
Lab, Durham, NC
L + 4.35%
12/17/202312/17/2025I/O—13,50013,398
Retail, Los Angeles, CA
L + 4.25%
12/17/202212/17/2024I/O—18,37418,409
Office / Industrial, Aurora, IL
L + 4.35%
12/18/202312/18/2024I/O—14,71014,660
Office, Miami, FL
L + 4.50%
01/19/202301/19/2025I/O—10,90010,893
Multifamily, Olmstead Falls, OH
L + 4.00%
01/28/202401/28/2026I/O—45,82045,576
Office / Industrial, Colorado Springs, CO
L + 4.50%
04/06/202404/06/2025I/O—29,64229,426
Industrial, Londonderry, NH
L + 4.00%
04/06/202404/06/2026I/O—34,39134,170
Office, Plano, TX
L + 4.75%
07/01/202407/01/2026I/O—24,93524,714
Multifamily, Portland, OR
L + 3.57%
07/09/202407/09/2026I/O—19,68819,524
Multifamily, Seattle, WA
L + 3.55%
08/16/202408/16/2026I/O—12,22912,112
Retail, Sandy Springs, GA
L + 3.75%
09/23/202409/23/2026I/O—14,82114,663
Office, St. Louis, MO
L + 3.25%
12/19/202212/19/2023I/O—28,42128,498
Retail, Coppell, TX
L + 3.50%
02/12/202202/12/2022I/O—19,61518,685
Office, Yardley, PA
L + 3.75%
12/19/202201/24/2025I/O—14,26512,437
Industrial, Allentown, PA
L + 3.50%
01/24/202301/24/2025I/O—10,3508,525
Office, Dublin, OH
L + 3.75%
02/18/202202/18/2023I/O—21,73520,708
Office, Westminster, CO
L + 3.75%
05/25/202405/25/2026I/O—13,50611,400
Multifamily, Portland, OR
L + 3.57%
07/30/202407/30/2026I/O—13,40011,291
Office, Dallas, TX
L + 3.25%
08/25/202408/25/2026I/O—43,45036,498
Office, Carlsbad, CA
L + 3.25%
10/27/202410/27/2026I/O—23,74023,499
Multifamily, Bellevue, WA
L + 3.85%
11/05/202411/05/2026I/O—20,00019,792
Multifamily, Ames, IA
L + 3.80%
11/15/202411/15/2026I/O—17,68017,499
Office, Downers Grove, IL
L + 4.25%
12/09/202412/09/2026I/O—23,53023,407
Retail, West Bloomfield, MI
L + 3.85%
12/16/202312/16/2024I/O—37,38836,968
Industrial, Summerville, SC
L + 3.50%
12/20/202412/20/2026I/O—35,00034,644
$590,590 $570,780 
(1)Maximum maturity assumes all extension option have been exercised, which options are subject to the borrower meeting certain conditions.
(2)I/O = interest only until final maturity.
(3)Represents only third party prior liens.
(4)As of December 31, 2021, none of our borrowers was delinquent in payment.
Reconciliation of Mortgage Loans on Real Estate:
Balance as of January 1, 2021$91,879 
Additions during the year:
Originations347,366 
Loans acquired in the Merger205,593 
Additional funding4,710 
Purchase discount accretion18,932 
Net amortization of deferred fees1,835 
Deductions during the year:
Repayment of mortgage loans(59,197)
Deferred fees(3,895)
Purchase discount on loans acquired in the Merger(36,443)
Balance as of December 31, 2021$570,780