SCHEDULE IV—MORTGAGE LOANS ON REAL ESTATE

12 Months Ended

Dec. 31, 2024

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]

SCHEDULE IV—MORTGAGE LOANS ON REAL ESTATE

SCHEDULE IV—MORTGAGE LOANS ON REAL ESTATE

DECEMBER 31, 2024    

(Dollars in thousands)

Description	Interest Rate		Final Maturity Date	Periodic Payment Terms	Prior Liens		Face Amount of Mortgages		Carrying Value of Mortgages		Principal Amount of Loans subject to delinquent principal or interest
Multi-Family, Wilmington, NC	6	%	November 2031	Current Return monthly;principal at maturity	$	30,191	$	7,000	$	6,763	$	—
Multi-Family, Kennesaw, GA	7	%	June 2029	Current Return monthly;principal at maturity	21,123		11,250		10,904		—
Total							$	18,250	$	17,667	$	—

See notes 1,5 and 6 to the consolidated financial statements.

SCHEDULE IV—MORTGAGE LOANS ON REAL ESTATE

DECEMBER 31, 2024    

Notes to the schedule:

(a)     The following summary reconciles mortgage loans at their carrying values:

	2024
Balance at beginning of year	$	—
New loan receivables	18,250
Deferred loan fee income amortization	9
	18,259
Deductions:
Deferred fees	322
Provision for credit loss	270
	592
Balance at end of year	$	17,667