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Schedule IV - Mortgage Loans on Real Estate
 12 Months Ended
Dec. 31, 2022
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]  
Schedule IV - Mortgage Loans on Real Estate
DescriptionContractual Interest RateMaturity DatePeriodic Payment TermsPrior LiensPrincipal Balance
Book Value (1)
Carrying Amount of Loans Subject to Delinquent Principal or Interest
Mortgage Secured Loans:
West Virginia (18 SNF facilities)
8.4 %2027
(3)
$482,000 
(4)
$75,000 $72,543 N/A
California (5 SNF facilities)
10.2 %
(2)
2025
(3)
53,400 
(5)
22,250 21,345 N/A
Georgia (4 SNF facilities)
9.0 %
(2)
2025
(3)
72,700 
(5)
24,900 23,796 N/A
Mezzanine Loans:
West Virginia (18 SNF facilities)
11.0 %2032
(3)
557,000 
(4)
25,000 24,012 N/A
Virginia (9 SNF facilities)
12.0 %2025
(3)
114,309 
(6)
15,000 14,672 N/A
$1,279,409 $162,150 $156,368 

(1)    The aggregate cost for federal income tax purposes was $162.2 million as of December 31, 2022.
(2)    Interest rates are variable and represent the rate in effect as of December 31, 2022.
(3)    Interest is due monthly, and principal is due at the maturity date.
(4)    The secured term loan was structured with an “A” tranche, a “B” tranche, and a “C” tranche, with the “C” tranche being the most subordinate. The Company’s loan constituted the entirety of the “C” tranche. The Company also extended a mezzanine loan to the borrower group. Accordingly, the amounts of the prior liens at December 31, 2022 are estimated.
(5)    The secured term loan was structured with an “A” and a “B” tranche, with the “B” tranche being subordinate to the “A” tranche pursuant to the terms of a written agreement between the lenders. The Company’s loan constituted the entirety of the “B” tranche. Accordingly, the amounts of the prior liens at December 31, 2022 are estimated.
(6)    The first mortgage loans on these properties are not held by the Company. Accordingly, the amounts of the prior liens at December 31, 2022 are estimated.

Changes in mortgage secured and mezzanine loans are summarized as follows (in thousands):
Year Ended December 31,
202220212020
Balance at beginning of period$15,155 $15,000 $29,500 
Additions during period:
New mortgage and mezzanine loans147,150 — 61,258 
Interest income added to principal1,165 155 — 
Deductions during period:
Paydowns/Repayments— — (75,758)
Unrealized loss(7,102)
Balance at end of period$156,368 $15,155 $15,000