SCHEDULE IV MORTGAGE LOANS ON REAL ESTATE

12 Months Ended

Dec. 31, 2019

SCHEDULE IV

MORTGAGE LOANS ON REAL ESTATE

FOR THE YEAR ENDED DECEMBER 31, 2019

There were four commercial loan investments as of December 31, 2019.


Description	Interest Rate	Final Maturity Date	Periodic Payment Terms	Prior Liens	Face Amount of Mortgages	Carrying Amounts of Mortgages	Principal Amount of Loans Subject to Delinquent Principal or Interest
	%			$	$	$	$
Ground Lease Loan:
Carpenter Hotel-400 Josephine Street, Austin, TX	N/A	N/A	Monthly Rent Payments	—	16,250,000	16,443,942	—
First Mortgage:
72-Acre Land Parcel, Orlando, FL	12.00%	June 2020	Principal payable in full at maturity	—	8,000,000	7,927,869	—
Mortgage Note-400 Josephine Street, Austin, TX	11.50%	July 2020	Principal payable in full at maturity	—	8,250,000	8,207,964	—
LPGA Golf Loan-Daytona Beach, FL	7.50%	October 2020	Principal payable in full at maturity	—	2,070,000	2,045,398	—
Totals				—	34,570,000	34,625,173	—

The following represents the activity within the Company’s commercial loan investment segment for the years ended December 31, 2019, 2018, and 2017:


	2019	2018	2017
	$	$	$
Balance at Beginning of Year	—	11,925,699	23,960,467
Additions During the Year:
New Mortgage Loans	34,570,000	—	3,000,000
Accretion of Origination Fees (1)	(138,770)	34,768	(34,768)
Imputed Interest Over Rent Payments on Ground Lease Loan	193,943	—	—
Deductions During the Year:
Collection of Principal	—	(11,960,467)	(15,000,000)
Balance at End of Year	34,625,173	—	11,925,699

⁽¹⁾

Non-cash accretion of loan origination fees