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Schedule IV - Mortgage Loans on Real Estate Schedule IV - Mortgage Loans on Real Estate
 12 Months Ended
Dec. 31, 2013
Schedule IV - Mortgage Loans on Real Estate [Abstract]  
Mortgage Loans on Real Estate, by Loan Disclosure [Text Block]
NATIONAL HEALTH INVESTORS, INC.
SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE
December 31, 2013
 
 
 
Monthly
 
 
 
 
Amount Subject To
 
Interest
Maturity
Payment
Prior
Original
Carrying
 
Delinquent Principal
 
Rate
Date
Terms
Liens
Face Amount
Amount
 
or Interest
 
 
 
 
 
(in thousands)
 
 
First Mortgages:
 
 
 
 
 
 
 
 
Skilled nursing facilities:
 
 
 
 
 
 
 
 
Grundy, VA
8.0%
2032
$31,000
 
$
4,396

$
3,172

 
 
Virginia Beach, VA
8.0%
2031
$31,000
 
3,814

2,867

 
 
Lexington, VA
8.0%
2032
$21,000
 
3,089

2,035

 
 
Brookneal, VA
8.0%
2031
$21,000
 
2,780

2,007

 
 
Laurel Fork, VA
8.0%
2030
$20,000
 
2,672

1,948

 
 
Front Royal, VA
9.6%
2027
$22,000
 
2,367

1,645

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Assisted living facility in Owatonna, MN
7.5%
2018
$38,000
 
5,033

3,713

 
 
 
 
 
 
 
 
 
 
 
Construction Loan:
 
 
 
 
 
 
 
 
Transitional rehabilitation center in Mesa, Arizona
10.0%
2015
Interest Only
 
13,870

11,870

 
 
 
 
 
 
 
 
 
 
 
Second Mortgages:
 
 
 
 
 
 
 
 
Skilled nursing facility in Georgetown, TX
14.0%
2015
Interest Only
 
1,000

1,000

 
 
 
 
 
 
 
 
 
 
 
Assisted living facilities:
 
 
 
 
 
 
 
 
Ocala, FL
13.0%
2014
Interest Only
 
2,500

2,500

 
 
Naples, FL
12.0%
2016
Interest Only
 
2,500

1,369

 
 
Assisted living facility with carrying amount less than 3% of total carrying amount of mortgages
12.0%
2014
 
 
 
800

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
34,926

 
$
—


See the notes to our consolidated financial statements for more information on our mortgage loan receivables.
NATIONAL HEALTH INVESTORS, INC.
SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE
FOR THE YEARS ENDED DECEMBER 31, 2013, 2012 AND 2011
(in thousands)
 
December 31,
 
2013
 
2012
 
2011
Reconciliation of mortgage loans on real estate
 
 
 
 
 
Balance at beginning of period
$
68,214

 
$
78,672

 
$
75,465

Additions:
 
 
 
 
 
New mortgage loans
1,369

 
—

 
6,566

Interest accrued on construction loan
—

 
—

 
1,082

Total Additions
1,369

 
—

 
7,648

 
 
 
 
 
 
Deductions:
 
 
 
 
 
Settlement of mortgage note by real estate acquisition
13,741

 
—

 
—

Impairment of mortgage note
4,037

 
2,300

 
—

Collection of principal, less recoveries of previous write-downs
16,879

 
8,158

 
4,441

Total Deductions
34,657

 
10,458

 
4,441

 
 
 
 
 
 
Balance at end of period
$
34,926

 
$
68,214

 
$
78,672