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Schedule IV Mortgage Loans Receivable
 12 Months Ended
Dec. 31, 2015
Accounting Changes and Error Corrections [Abstract]  
Schedule IV Mortgage Loans Receivable

Schedule IV

 

INCOME OPPORTUNITY REALTY INVESTORS, INC. 

Mortgage Loans Receivable 

December 31, 2015 

                                   
Description   Interest
Rate		   Final
Maturity Date		   Periodic
Payment Term		   Prior Liens   Face Amount of Mortgage     Carrying
Amount of Mortgage		  

Principal 
Amount of 

Loans Subject 

to Delinquent Principal or Interest 

  
                    (dollars in thousands)        
                                 
Unified Housing Foundation, Inc. (Echo Station/UH of   12.00%   12/32   Excess cash flow   9,719   1,809     1,481     —  
100% Interest in UH of Temple, LLC                                  
Unified Housing Foundation, Inc. (Lakeshore Villas/HFS of Humble,LLC) (31.5% of cash flow)   12.00%   12/32   Excess cash flow   15,756   8,836     6,368     —  
Interest in Unified Housing Foundation Inc.                                  
Unified Housing Foundation, Inc. (Limestone Canyon/UH of Austin,LLC)   12.00%   12/32   Excess cash flow   13,621   3,300     2,653     —  
100% Interest in UH of Austin, LLC                                  
Unified Housing Foundation, Inc. (Limestone Ranch/UH of Vista Ridge,LLC)   12.00%   12/32   Excess cash flow   18,641   2,427     1,953     —   
100% Interest in UH of Vista Ridge, LLC                                  
Unified Housing Foundation, Inc. (Parkside Crossing/UH of Parkside Crossing,LLC)   12.00%   12/32   Excess cash flow   11,544   2,409     1,936     —   
100% Interest in UH of Parkside Crossing, LLC                                  
Unified Housing Foundation, Inc. (Sendero Ridge)   12.00%   12/32   Excess cash flow   22,984   5,587     4,491     —  
100% Interest in UH of Sendero Ridge, LLC                                  
Unified Housing Foundation, Inc. (Timbers at the Park/UH of Terrell,LLC)   12.00%   12/32   Excess cash flow   7,294   1,702     1,323     —  
100% Interest in UH of Terrell, LLC                                  
Unified Housing Foundation, Inc. (Tivoli)   12.00%   12/32   Excess cash flow   10,398   2,019     1,826     —  
100% Interest in UH of Tivoli, LLC                                  
Unified Housing Foundation, Inc. (Lakeshore Villas/HFS of Humble,LLC) (68.5% of cash flow)   12.00%   12/32   Excess cash flow   15,756   2,189     2,000     —  
                                   
                        $ 24,031    
                Interest receivable     2,677        
            Allowance for estimated losses     (1,826 )      
                        $ 24,882        

  

  

Schedule IV (continued)

 

INCOME OPPORTUNITY REALTY INVESTORS, INC. 

Mortgage Loans Receivable 

For the Years Ended December 31,

 

      2015       2014       2013  
    (dollars in thousands)  
       
Balance at January 1,   $ 27,461     $ 30,693     $ 27,002  
Additions                        
New mortgage loans     —       —       —  
Conversion of accrued interest to principal     —       —       —  
Increase of interest receivable on mortgage loans     2,738       3,037       4,766  
Deductions                        
Amounts received     (3,491 )     (6,269 )     (1,075 )
Non-cash reduction     —       —       —  
Cost of mortgages sold     —       —       —  
Balance at December 31,   $ 26,708     $ 27,461     $ 30,693