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Schedule IV - Mortgage Loans on Real Estate
 12 Months Ended
Dec. 31, 2016
Mortgage Loans on Real Estate [Abstract]  
Mortgage Loans on Real Estate
Schedule IV – Mortgage Loans on Real Estate as of December 31, 2016

The Company had no mortgage notes receivable outstanding as of December 31, 2016.

A rollforward of mortgage loans on real estate for the three years ended December 31, 2016 follows:
 
Year Ended December 31,
(Dollars in thousands)
2016

 
2015

 
2014

Balance at beginning of period
$
—

 
$
1,900

 
$
125,547

Additions during period:
 
 
 
 
 
New or acquired mortgages
—

 
—

 
1,900

Increased funding on existing mortgages
—

 
—

 
1,244

 
—

 
—

 
3,144

Deductions during period:
 
 
 
 
 
Principal repayments and reductions (1)
—

 
(1,900
)
 
(5,605
)
Principal reductions due to acquisitions (2)
—

 
—

 
(81,213
)
Foreclosed mortgage note receivable (3)
—

 
—

 
(39,973
)
 
—

 
(1,900
)
 
(126,791
)
Balance at end of period
$
—

 
$
—

 
$
1,900

(1)
Principal repayments for the years ended December 31, 2015 and 2014 include unscheduled principal reductions on mortgage notes of $1.9 million and $5.6 million, respectively.
(2)
In May 2014, the Company acquired a medical office building in Oklahoma for $85.4 million, including the elimination of the construction mortgage note receivable totaling $81.2 million and cash consideration of approximately $4.1 million.
(3)
In March 2014, the Company acquired a medical office building in Iowa in satisfaction of a $40.0 million mortgage note receivable that matured on January 10, 2014. The cash flows from the operations of the property were sufficient to pay the Company interest from the maturity date through the date of the transfer of ownership to the Company at the 7.7% fixed interest rate plus an additional 3% of interest for the default interest rate. The Company did not recognize any of the $1.5 million exit fee receivable that was due upon maturity of the mortgage note receivable.