Loan Receivables (Tables)

9 Months Ended

Sep. 30, 2014

Loan Receivables, net

The following summarizes the Company’s loan receivables, net activity during the nine months ended September 30, 2014 (in thousands):

	September 30, 2014
	Mortgage Loans			Capital Improvement Loans			Working Capital Loans			Total Loans
Beginning balance, January 1, 2014	$	28,316		$	4,580		$	8,790		$	41,686
New loans issued		4,762			—			7,648			12,410
Reserve for uncollectible loans		—			—			(3,211	)		(3,211	)
Loan amortization and repayments		(5,394	)		(760	)		(1,459	)		(7,613	)
	$	27,684		$	3,820		$	11,768		$	43,272

Interest Income on Loans and Financing Leases

The following summarizes the Company’s interest income on loans and financing leases for the three and nine months ended September 30, 2014 and 2013 (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2014		2013		2014		2013
Mortgage loans	$	456	$	472	$	1,364	$	1,208
Capital improvement loans		66		117		267		417
Working capital loans		211		177		529		556
Direct financing lease		368		365		1,103		1,091
Total interest on loans and financing lease	$	1,101	$	1,131	$	3,263	$	3,272