XML 45 R31.htm IDEA: XBRL DOCUMENT v3.10.0.1
Schedule IV - Real Estate Mortgage Loans
 12 Months Ended
Dec. 31, 2018
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]  
Schedule IV - Real Estate Mortgage Loans SCHEDULE IV
MORTGAGE LOANS ON REAL ESTATE
December 31, 2018

 
Location
Number of RE Assets
Interest Rate
Fixed / Variable
Maturity Date
Monthly Debt Service
Face Value
Net Book Value
Prior Liens
 
 
 
 
 
 
(In thousands)
First Mortgages
 
 
 
 
 
 
 
 
Multiple
3
9.97%
V
6/30/2019
$
140

$
5,850

$
5,850

$
—

 
Ohio
5
8.62%
V
10/1/2021
551

78,448

78,448

—

 
Texas
1

7.88%
V
1/31/2029
—

1,900

1,900

—

 
 
 
 
 
 
 
 
 
 
Mezzanine Loans
 
 
 
 
 
 
 
 
Multiple
179
8.25%
F
12/9/2019
1,967

282,173

282,173

1,467,827

 
 
 
 
 
 
 
 
 
 
Construction Loans
 
 
 
 
 
 
 
 
Colorado
1
8.75%
V
2/6/2021
437

59,043

58,746

—

Total
 
 
 
 
$
3,095

$
427,414

$
427,117

$
1,467,827

 
 
 
 
 
 
 
 
 
 
 
Mortgage Loan Reconciliation
 
 
 
 
2018
 
2017
 
2016
 
 
 
(In thousands)
 
Beginning Balance
 
$
565,875

 
$
634,201

 
$
780,509

 
Additions:
 
 
 
 
 
 
 
New Loans
 
9,900

 
—

 
140,000

 
Construction Draws
 
—

 
—

 
13,402

 
Total additions
 
9,900

 
—

 
153,402

 
Deductions:
 
 
 
 
 
 
 
Principal Repayments
 
(148,658
)
 
(68,326
)
 
(299,710
)
 
Total deductions
 
(148,658
)
 
(68,326
)
 
(299,710
)
 
Ending Balance
 
$
427,117

 
$
565,875

 
$
634,201