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Schedule IV - Real Estate Mortgage Loans
 12 Months Ended
Dec. 31, 2016
Mortgage Loans on Real Estate [Abstract]  
Schedule IV - Real Estate Mortgage Loans
SCHEDULE IV
REAL ESTATE MORTGAGE LOANS
December 31, 2016
(Dollars in Thousands)
 
Location
Number of RE Assets
Interest Rate
Fixed / Variable
Maturity Date
Monthly Debt Service
Face Value
Net Book Value
Prior Liens
 
 
First Mortgages
 
 
 
 
 
 
 
 
Washington
1
8.00%
F
8/1/2020
172

25,000

24,854

—

 
Washington
1
6.00%
F
7/5/2017
70

6,030

6,000

—

 
Multiple
3
9.21%
V
6/30/2019
136

17,023

17,023

—

 
Ohio
5
7.89%
V
10/1/2021
531

78,448

78,448

—

 
 
 
 
 
 
 
 
 
 
Mezzanine Loans
 
 
 
 
 
 
 
 
Multiple
31
9.95%
F/V
2/6/2021
1,200

140,000

140,000

1,636,400

 
Multiple*
179
8.27%
F/V
12/9/2019
2,132

309,423

309,423

1,600,242

 
 
 
 
 
 
 
 
 
 
Construction Loans
 
 
 
 
 
 
 
 
Colorado
1
8.75%
V
2/6/2021
445

59,044

58,453

—

 
 
 
 
 
 
 
 
 
 
* The variable portion of this investment has a maturity date of 12/9/2017, with extension options to 12/9/2019.
 
Mortgage Loan Reconciliation
(Dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
2016
 
2015
 
2014
 
Beginning Balance
 
$
784,821

 
$
747,456

 
$
335,656

 
Additions:
 
 
 
 
 
 
 
New Loans
 
140,000

 
88,648

 
451,269

 
Construction Draws
 
13,403

 
53,708

 
—

 
Total additions
 
153,403

 
142,356

 
451,269

 
Deductions:
 
 
 
 
 
 
 
Principal Repayments
(303,255
)
 
(99,467
)
 
(21,159
)
 
Conversions to Real Property
—

 
—

 
(18,310
)
 
Sales and Syndications
 
—

 
—

 
—

 
Spin Off
 
—

 
(5,524
)
 
—

 
Total deductions
(303,255
)
 
(104,991
)
 
(39,469
)
 
Ending Balance
 
$
634,969

 
$
784,821

 
$
747,456