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Schedule IV - Mortgage Loan 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 Loan on Real Estate
SCHEDULE IV
MORTGAGE LOANS ON REAL ESTATE
DECEMBER 31, 2019
(dollars in thousands)

Description
 
Contractual Interest Rate
 
Maturity Date
 
Periodic Payment Terms
 
Prior Liens
 
Principal Balance
 
Book Value (3)
 
Carrying Amount of Loans Subject to Delinquent Principal or Interest
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
First Mortgage:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ohio (3 SNF facilities)
 
10.0
%
 
2020
 
(1)
 
$
—

 
$
26,500

 
$
26,500

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Third Mortgage:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
California (1 SNF facility)
 
8.0
%
 
2019
 
(2)
 
5,500

(4) 
3,000

 
3,000

 
3,000

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loan Loss Allowance
 
 
 
 
 
 
 
—

 
—

 
—

 
—

 
 
 
 
 
 
 
 
$
5,500

 
$
29,500

 
$
29,500

 
$
3,000


(1)
Interest is due monthly, and principal is due at the maturity date.
(2)
Past due.
(3)
The aggregate cost of investments in real estate mortgage loans for federal income tax purposes was $29.5 million.
(4)
An estimate.

Changes in mortgage loans are summarized as follows:

 
 
Year Ended December 31,
 
 
2019
 
2018
 
2017
 
 
 
 
 
 
 
Balance at beginning of period
 
$
12,375

 
$
12,517

 
$
—

Additions during period:
 
 
 
 
 
 
New mortgage loans
 
40,889

 
—

 
12,542

Deductions during period:
 
 
 
 
 
 
Paydowns/Repayments
 
(23,764
)
 
(142
)
 
(25
)
Balance at end of period
 
$
29,500

 
$
12,375

 
$
12,517