Commercial Mortgage and Other Loans Receivable (Tables)

12 Months Ended

Jun. 30, 2019

Schedule of Accounts, Notes, Loans and Financing Receivable

On July 1, 2019, a commercial mortgage loan in the amount of $1,400,000 defaulted. We do not believe the value of this loan is impaired, as the appraised value of the underlying property exceeds the outstanding balance of the mortgage. We are currently pursuing foreclosure and sale of this property to settle the outstanding debt.

Commercial loan/credit facility activity for the period is as follows (amounts in thousands):

	Principal Balance and
	Carrying Value
Balance at July 1, 2018	$	—
Additions during the period:
Borrowings		5,623
Deductions during the period:
Collections of principal		(2,873)
Balance at June 30, 2019	$	2,750

Mortgage Receivable [Member]

Schedule of Accounts, Notes, Loans and Financing Receivable

We had $6,864,000 of commercial loan assets as of June 30, 2019, of which $4,114,000 are mortgage loans secured by real property in certain markets throughout the United States.  Mortgage loan activity for the fiscal year ended June 30, 2019 is as follows:

					Provision
Mortgage Loans	Principal		Deferred		for Loan		Carrying
	Balance		Fees		Loss		Value
	(Amounts in thousands)
Balance at July 1, 2018	$	3,005	$	—	$	—	$	3,005
Additions during the period:
New mortgage loans		4,110		(81)		—		4,029
Deductions during the period:
Collections of principal		(2,920)		—		—		(2,920)
Balance at June 30, 2019	$	4,195	$	(81)	$	—	$	4,114