SCHEDULE IV MORTGAGE LOANS ON REAL ESTATE

12 Months Ended

Dec. 31, 2022

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, 2022

There was a portfolio of three commercial loan investments and one preferred equity investment which is classified as a commercial loan investment as of December 31, 2022 (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
Mortgage Note – 4311 Maple Avenue – Dallas, TX	7.50%	April 2023	Monthly Interest Payments	$	—	$	400	$	395	$	—
Construction Loan – The Exchange At Gwinnett – Buford, GA	7.25%	January 2024	Monthly Interest Payments		—		220		173		—
Preferred Investment - Watters Creek – Allen, TX	8.50%	April 2025	Monthly Interest Payments		—		30,000		29,887		—
Improvement Loan - Ashford Lane – Atlanta, GA	12.00%	April 2025	Monthly Interest Payments		—		1,453		1,453		—
Totals				$	—	$	32,073	$	31,908	$	—

The following represents the activity within the Company’s commercial loans and investments segment for the years ended December 31, 2022, 2021, and 2020 (in thousands):

	2022		2021		2020
Balance at Beginning of Year	$	39,095	$	38,320	$	34,625
Additions During the Year:
New Mortgage Loans		53,282		364		28,360
Collection of Origination Fees		87		—		(125)
Accretion of Origination Fees (1)		174		2		161
Gain on Sale of Loans		807		—		—
Imputed Interest Over Rent Payments on Ground Lease Loan		97		409		399
Deductions During the Year:
Collection of Principal		(61,634)		—		(23,132)
Impairment / CECL Reserve		—		—		(1,968)
Balance at End of Year	$	31,908	$	39,095	$	38,320

(1) Non-cash accretion of loan origination fees.

(2) The aggregate carrying amount of mortgages for Federal income tax purposes at December 31, 2022 totaled $31.9 million.