Notes Receivable (Tables)

9 Months Ended

Sep. 30, 2019

Information Relating To Bluegreen's Notes Receivable



	As of
	September 30,		December 31,
	2019		2018
Notes receivable secured by VOIs:
VOI notes receivable - non-securitized	$	188,435	$	124,642
VOI notes receivable - securitized		391,922		447,850
		580,357		572,492
Allowance for loan losses - non-securitized		(42,728)		(28,258)
Allowance for loan losses - securitized		(92,548)		(105,875)
VOI notes receivable, net	$	445,081	$	438,359
Allowance as a % of VOI notes receivable		23%		23%

Notes receivable secured by homesites: (1)
Homesite notes receivable		694		898
Allowance for loan losses		(69)		(90)
Homesite notes receivable, net	$	625	$	808
Allowance as a % of homesite notes receivable		10%		10%
Total notes receivable:
Gross notes receivable	$	581,051	$	573,390
Allowance for loan losses		(135,345)		(134,223)
Notes receivable, net	$	445,706	$	439,167
Allowance as a % of gross notes receivable		23%		23%

(1)

Notes receivable secured by homesites were originated through a business, substantially all the assets of which were sold by us in 2012.

Activity In The Allowance For Loan Losses



	For the Nine Months Ended
	September 30,
		2019		2018
Balance, beginning of period	$	134,222	$	123,791
Provision for loan losses		39,462		35,866
Less: Write-offs of uncollectible receivables		(38,339)		(31,358)
Balance, end of period	$	135,345	$	128,299

Percentage Of Gross Notes Receivable Outstanding By FICO Score At Origination


	As of
	September 30,		December 31,
	2019		2018
FICO Score
700+	59.00	%	57.00	%
600-699	38.00		39.00
<600	2.00		3.00
No Score (1)	1.00		1.00
Total	100.00	%	100.00	%

(1)

VOI notes receivable attributable to borrowers without a FICO score are primarily related to foreign borrowers.

Delinquency Status Of VOI Notes Receivable



	As of
	September 30,		December 31,
	2019		2018
Current	$	547,425	$	541,783
31-60 days		6,797		5,783
61-90 days		5,271		4,516
Over 91 days (1)		20,864		20,410
Total	$	580,357	$	572,492

(1)

Includes $10.8 million and $14.3 million of VOI notes receivable as of September 30, 2019 and December 31, 2018, respectively, that as of such dates, had defaulted, but the related VOI note receivable balance had not yet been charged off in accordance with the provisions of certain of our receivable-backed notes payable transactions. These VOI notes receivable have been included in the allowance for loan losses.