SCHEDULE IV MORTGAGE LOANS ON REAL ESTATE

12 Months Ended

Dec. 31, 2018

SCHEDULE IV

MORTGAGE LOANS ON REAL ESTATE

FOR THE YEAR ENDED DECEMBER 31, 2018

There were no commercial loan investments as of December 31, 2018.

The following represents the activity within the Company’s commercial loan investment segment for the years ended December 31, 2018, 2017, and 2016:


	2018	2017	2016
	$	$	$
Balance at Beginning of Year	11,925,699	23,960,467	38,331,956
Additions During the Year:
New Mortgage Loans	—	3,000,000	—
Accretion of Origination Fees(1)	34,768	(34,768)	132,923
Deductions During the Year:
Collection of Principal	(11,960,467)	(15,000,000)	(14,282,500)
Discount on Payoff	—	—	(217,500)
Amortization of Fees	—	—	(4,412)
Balance at End of Year	—	11,925,699	23,960,467

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Non-cash accretion of loan origination fees