NOTE 6—LOANS RECEIVABLE AND INVESTMENTS

As of September 30, 2017 and December 31, 2016, we had $1.4 billion and $754.6 million, respectively, of net loans receivable and investments relating to seniors housing and healthcare operators or properties. The following is a summary of our loans receivable and investments, net as of September 30, 2017 and December 31, 2016, including amortized cost, fair value and unrealized gains or losses on available-for-sale investments:



	Carrying Amount		Amortized Cost		Fair Value		Unrealized Gain
	(In thousands)
As of September 30, 2017:
Secured/mortgage loans and other	$	1,297,956	$	1,297,956	$	1,316,664	$	—
Government-sponsored pooled loan investments ⁽¹⁾	54,478		53,472		54,478		1,006
Total investments reported as Secured loans receivable and investments, net	1,352,434		1,351,428		1,371,142		1,006

Non-mortgage loans receivable, net	54,955		54,955		55,098		—
Total investments reported as Other assets	54,955		54,955		55,098		—
Total loans receivable and investments, net	$	1,407,389	$	1,406,383	$	1,426,240	$	1,006

As of December 31, 2016:
Secured/mortgage loans and other	$	646,972	$	646,972	$	655,981	$	—
Government-sponsored pooled loan investments ⁽¹⁾	55,049		53,810		55,049		1,239
Total investments reported as Secured loans receivable and investments, net	702,021		700,782		711,030		1,239

Non-mortgage loans receivable, net	52,544		52,544		53,626		—
Total investments reported as Other assets	52,544		52,544		53,626		—
Total loans receivable and investments, net	$	754,565	$	753,326	$	764,656	$	1,239

⁽¹⁾ Investments in government-sponsored pool loans have contractual maturity dates in 2023.

2017 Activity

In March 2017, we provided secured debt financing to a subsidiary of Ardent to facilitate Ardent’s acquisition of LHP Hospital Group, Inc., which included a $700.0 million term loan and a $60.0 million revolving line of credit feature (of which $23.0 million was outstanding at September 30, 2017). The LIBOR-based debt financing has a five-year term with a weighted average interest rate of approximately 9.0% as of September 30, 2017 and is guaranteed by Ardent’s parent company.

During the nine months ended September 30, 2017, we received $27.0 million for the partial prepayment of secured and unsecured loans receivable and $32.6 million for the full repayment of three secured loans receivable that were due to mature between 2017 and 2030.