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SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE
 12 Months Ended
Dec. 31, 2019
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
As of December 31, 2019
(dollars in thousands)

Description
 
Contractual Interest Rate
 
Maturity Date
 
Periodic Payment Terms
 
Prior Liens
 
Principal Balance
 
Book Value (1)
 
Principal Amount of Loans Subject to Delinquent Principal or Interest
Mortgages:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
River Vista
 
10.0
%
 
2027
 
(2) 
 
$
—

 
$
19,000

 
$
19,000

 
N/A
Construction Mortgages:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Arlington
 
8.0

 
2022
 
(3) 
 
—

 
2,468

 
2,487

 
N/A
 
 
 
 
 
 
 
 
$
—

 
$
21,468

 
$
21,487

 
 
(1) 
The aggregate cost for federal income tax purposes was $21.6 million as of December 31, 2019.
(2) 
Interest is due monthly, and principal is due at the maturity date.
(3) 
Interest and principal for the first 36 months is deferred and due at the maturity date. Interest after the first 36 months is due monthly.



Changes in mortgage loans are summarized as follows:
 
 
Year Ended December 31,
 
 
2019
 
2018
 
2017
Balance at the beginning of the year
 
$
23,146

 
$
16,033

 
$
39,026

Additions during period:
 
 
 
 
 
 
Draws
 
1,689

 
10,943

 
1,738

New mortgage loans
 
—

 
—

 
12,987

Interest income added to principal
 
194

 
1,528

 
539

Deductions during period:
 
 
 
 
 
 
Paydowns/repayments
 
(3,561
)
 
(5,358
)
 
(14,570
)
Conversion to real property
 
—

 
—

 
(19,085
)
Write-offs (1)
 
—

 
—

 
(4,602
)
Balance at the end of the year
 
$
21,468

 
$
23,146

 
$
16,033

(1) 
During the year ended December 31, 2017, the Company wrote off uncollectible amounts related to one mortgage loan that was repaid.