Commercial Mortgage and Other Loans Receivable

6 Months Ended

Dec. 31, 2018

Receivables [Abstract]

Commercial Loans Receivable

5. Commercial Mortgage and Other Loans Receivable

We have outstanding $6,193 of mortgage loans secured by real property in certain markets throughout the United States at December 31, 2018. Mortgage loan activity for the six months ended December 31, 2018 is as follows:

Mortgage Loans	Principal  Balance			Deferred  Fees			Provision  for Loan  Loss		Carrying  Value
Balance at July 1, 2018	$	3,005			-			-		3,005
Additions during the period:
New mortgage loans		3,910			(22	)		-		3,888
Deductions during the period:
Collections of principal		(700	)		-			-		(700	)
Balance at December 31, 2018	$	6,215		$	(22	)	$	-	$	6,193

We also had a $1,400 deposit held by an escrow agent as of June 30, 2018 for a mortgage loan that was consummated subsequent to our June 30, 2018 fiscal year end.

Additionally, during the second quarter of our fiscal year 2019, we originated a commercial line of credit (“credit facility”) to support the working capital needs of a business (the “borrower”) with eligible borrowings of up to $3,000, based upon the borrower’s eligible accounts receivable. All outstanding credit facility balances are due upon collection of the borrower’s accounts receivable and the credit facility expires on October 29, 2020. The credit facility yields prime plus 5% on the outstanding balance of the credit facility, and a 1.2% fee is charged on the unused portion of the credit facility. The borrower has $721 outstanding as of December 31, 2018 and the credit facility is secured by substantially all of the assets of the borrower. Credit facility activity for the period is as follows:

Commercial Loan	Principal  Balance			Deferred  Fees			Provision  for Loan  Loss		Carrying  Value
Balance at July 1, 2018	$	-			-			-		-
Additions during the period:
Borrowings		1,970			(7	)		-		1,963
Deductions during the period:
Collections of principal		(1,242	)		-			-		(1,242	)
Balance at December 31, 2018	$	728		$	(7	)	$	-	$	721