SCHEDULE IV MORTGAGE LOANS ON REAL ESTATE

12 Months Ended

Dec. 31, 2021

SCHEDULE IV MORTGAGE LOANS ON REAL ESTATE

Schedule IV MORTGAGE LOANS ON REAL ESTATE

SCHEDULE IV

MORTGAGE LOANS ON REAL ESTATE

FOR THE YEAR ENDED DECEMBER 31, 2021

There was a portfolio of two commercial loan investments and two commercial properties whose leases were classified as commercial loan and master lease investments as of December 31, 2021 (in thousands).

Description	Interest Rate	Final Maturity Date	Periodic Payment Terms	Prior Liens		Face Amount of Mortgages		Carrying Amounts of Mortgages (2)		Principal Amount of Loans Subject to Delinquent Principal or Interest
Carpenter Hotel – 400 Josephine Street, Austin, TX (1)	N/A	N/A	Monthly Rent Payments	$	—	$	16,250	$	17,189	$	—
Westland Gateway Plaza – Hialeah, FL (1)	N/A	N/A	Monthly Rent Payments		—		21,085		21,148		—
Mortgage Note – 4311 Maple Avenue, Dallas, TX	7.50%	April 2023	Principal payable in full at maturity		—		400		394		—
Mortgage Note – 110 N Beach Street, Daytona Beach, FL	10.00%	December 2022	Principal payable in full at maturity		—		364		364		—
Totals				$	—	$	38,099	$	39,095	$	—

The following represents the activity within the Company’s commercial loan and master lease investments segment for the years ended December 31, 2021, 2020, and 2019 (in thousands):

	2021		2020		2019
Balance at Beginning of Year	$	38,320	$	34,625	$	—
Additions During the Year:
New Mortgage Loans		364		28,360		34,570
Collection of Origination Fees		—		(125)		—
Accretion of Origination Fees (3)		2		161		(139)
Imputed Interest Over Rent Payments on Ground Lease Loan		409		399		194
Deductions During the Year:
Collection of Principal		—		(23,132)		—
Impairment / CECL Reserve		—		(1,968)		—
Balance at End of Year	$	39,095	$	38,320	$	34,625

(1) Represents a commercial property whose lease is classified as a commercial loan and master lease investment pursuant to U.S. GAAP.

(2) The aggregate carrying amount of mortgages for Federal income tax purposes at December 31, 2021 totaled $18.4 million.

(3) Non-cash accretion of loan origination fees