Schedule IV - Mortgage Loans on Real Estate

12 Months Ended

Dec. 31, 2016

Mortgage Loans On Real Estate [Abstract]

Schedule IV - Mortgage Loans on Real Estate

SCHEDULE IV

MORTGAGE LOANS ON REAL ESTATE

FOR THE YEAR ENDED DECEMBER 31, 2016

Description	Interest Rate	Final Maturity Date	Periodic Payment Terms	Prior Liens	Face Amount of Mortgages	Carrying Amounts of Mortgages	PrincipalAmount of Loans Subject to Delinquent Principal or Interest
	%			$	$	$	$
Mezzanine Mortgage Loans:
Hotel – Atlanta, GA	12.00%	February 2019	Principalpayable in full at maturity	—	5,000,000	5,000,000	—
Hotel – Dallas,TX	30-day LIBOR plus 7.25%	September 2019	Principal payable in full at maturity	—	10,000,000	10,000,000	—
JuniorMortgage Loan:
Retail Shopping Center – Sarasota, FL	30-day LIBOR plus 7.50%	June 2018	Principal payable in full at maturity	—	8,960,467	8,960,467	—
Totals				—	23,960,467	23,960,467	—

	2016	2015	2014
	$	$	$
Balance at Beginning of Year	38,331,956	30,208,074	18,845,053
Additions During the Year:
New Mortgage Loans (1)	—	15,394,878	30,266,498
Loan Fees Paid	—	40,000	6,858
Accretion of Discount (2)	—	—	649,658
Accretion of Origination Fees (3)	132,923	74,781	30,326
Deductions During the Year:
Collection of Principal	(14,282,500)	(7,200,909)	(19,465,000)
Discount on Payoff	(217,500)	—	—
Collection of Origination Fees	—	(181,250)	(88,750)
Amortization of Fees	(4,412)	(3,618)	(36,569)
Balance at End of Year	23,960,467	38,331,956	30,208,074

⁽¹⁾ Includes 2015 construction loan draws

⁽²⁾ Non-cash accretion of discount

⁽³⁾ Non-cash accretion of loan origination fees