Loans Receivable (Tables) (Loans receivable)

12 Months Ended

Dec. 31, 2014

Loans receivable

The following table summarizes the Company’s loans receivable (in thousands):


	December 31,
	2014						2013
	Real Estate		Other				Real Estate		Other
	Secured		Secured		Total		Secured		Secured		Total
Mezzanine	$	—	$	799,064	$	799,064	$	—	$	234,455	$	234,455
Other		135,363		—		135,363		147,669		—		147,669
Unamortized discounts, fees and costs		—		(14,056)		(14,056)		—		(2,713)		(2,713)
Allowance for loan losses		—		(13,410)		(13,410)		—		(13,410)		(13,410)
	$	135,363	$	771,598	$	906,961	$	147,669	$	218,332	$	366,001

The following table summarizes the Company’s internal ratings for loans receivable at December 31, 2014 (dollars in thousands):

Following is a summary of loans receivable secured by real estate at December 31, 2014 (dollars in thousands):


Final	Number
Maturity	of			Principal		Carrying
Date	Loans		Payment Terms	Amount		Amount
2016	4		aggregate monthly interest-only payments, accrues interest at 8.5%, and secured by four senior housing facilities in Maryland, Pennsylvania, Tennessee and Texas	$	75,143	$	79,251
2017	2		aggregate monthly interest-only payments, accrues interest at 8.5%, and secured by two senior housing facilities in New Jersey and Pennsylvania		36,875		37,397
2018	1		monthly interest-only payments, accrues interest at 8.00% and secured by a senior housing facility in Pennsylvania		17,914		18,715
	7	(1)		$	129,932	$	135,363

(1)

Represents commitments to fund an aggregate of $141 million for seven development projects that are at or near completion as of December 31, 2014.