4. Mortgage and Commercial Loans Receivable

We had $5,573,000 of loan assets as of June 30, 2020, of which $1,695,000 are mortgage loans secured by real property in certain markets throughout the United States, and the remaining balance was comprised of loans to MCA originators. A summary of mortgage loan activity for the fiscal year ended June 30, 2020 is as follows:


			Deferred Fees/		Accrued		Carrying
Mortgage Loans Receivable	Principal Balance		Prepaid Interest		Interest		Value
	(Amounts in thousands)

Balance at July 1, 2018	$	3,005	$	—	$	—	$	3,005
Additions during the period:
New mortgage loans		4,110		(84)		3		4,029
Deductions during the period:
Collections of principal		(2,920)		—		—		(2,920)
Balance at July 1, 2019	$	4,195	$	(84)	$	3	$	4,114
Additions during the period:
Fundings of mortgage loans		75		—		—		75
Additions to deferred fees		—		(95)		—		(95)
Amortization of deferred fees		—		93		—		93
Interest due at maturity		—		—		40		40
Deductions during the period:
Collections of principal		(2,532)		—		—		(2,532)
Balance at June 30, 2020	$	1,738	$	(86)	$	43	$	1,695

A summary of loan activity to MCA originators for the period is as follows (amounts in thousands):


Other Loans Receivable
Balance at July 1, 2018	$	—
Additions during the period:
Borrowings		5,623
Deductions during the period:
Collections of principal		(2,873)
Balance at July 1, 2019	$	2,750
Additions during the period:
Borrowings		2,750
Deductions during the period:
Collections of principal		(1,622)
Balance at June 30, 2020	$	3,878

Loans reported under “Other Loans Receivable” have two-year, interest-only terms, bearing interest at 17.0% per annum, and are to a single MCA originator. The borrower may pay down principal without incurring a prepayment penalty and paid down $1,622,000 of principal during the fiscal year ended June 30, 2020.