Schedule IV - Mortgage Loans on Commercial Real Estate

12 Months Ended

Dec. 31, 2020

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]

Schedule IV - Mortgage Loans on Commercial Real Estate


December 31, 2020
Schedule IV - Mortgage Loans on Commercial Real Estate
Description	Location	Prior Liens (1)		Face Amount		Carrying Amount		Interest Rate (2)	LIBOR Floor	Payment Terms	Maturity Date (3)
Mezzanine debt investments	(dollars in thousands)
Retail	MA	$	61,329	$	10,000	$	—	10.14%	N/A	Interest Only	9/6/2023
Office	LA	60,212		8,700		8,258		10.75%	N/A	Interest Only	10/1/2023
Retail	OH	124,750		36,603		—		9.50%	N/A	Interest Only	12/1/2023
Office	NJ	—		9,922		9,369		LIBOR+10.48%	0.25%	Interest Only	9/15/2020
Office	CA	—		23,013		23,012		LIBOR+4.84%	0.16%	Interest Only	1/3/2022
Office	CA	104,682		10,281		10,281		LIBOR+6.79%	0.16%	Interest Only	1/3/2022
Hotel	LA	81,200		14,800		6,796		LIBOR+9.75%	0.16%	Interest Only	9/9/2022
Retail	CO	—		3,436		3,405		LIBOR+5.00%	1.20%	Interest Only	11/8/2022
Office	FL	—		18,363		18,052		LIBOR+3.30%	1.90%	Interest Only	5/9/2023
Office	TX	—		19,436		19,064		LIBOR+3.75%	1.25%	Interest Only	8/9/2023
Office	TX	—		15,000		14,884		LIBOR+3.45%	2.25%	Interest Only	3/5/2024
Retail	NC	—		3,292		2,684		LIBOR+3.40%	2.25%	Interest Only	3/9/2024
Office	CA	—		8,415		8,351		LIBOR+3.00%	1.5%	Interest Only	1/9/2026















First mortgages
Office	NJ	$	—	$	53,968	$	50,956	LIBOR+3.40%	0.25%	Interest Only	9/15/2020
Office	TX	—		67,281		66,169		LIBOR+3.75%	1.25%	Interest Only	8/9/2023
Hotel	TX	—		8,038		7,827		LIBOR+3.75%	2.00%	Interest Only	10/9/2023
Office	TX	—		12,000		11,907		LIBOR+3.45%	2.25%	Interest Only	3/5/2024
Retail	NC	—		393		330		LIBOR+3.40%	2.25%	Interest Only	3/9/2024
Retail	CA	—		40,029		35,356		LIBOR+3.40%	2.06%	Interest Only	3/5/2024
Healthcare	WA	—		20,152		19,873		LIBOR+3.40%	1.75%	Interest Only	10/1/2023
Multifamily	DE	—		31,469		31,257		LIBOR+2.90%	1.75%	Interest Only	11/8/2023
Industrial	AZ	—		15,212		14,872		LIBOR+3.50%	1.60%	Interest Only	12/9/2024
Industrial	NC	—		15,874		14,641		LIBOR+2.85%	1.85%	Interest Only	12/9/2024
Multifamily	NY	—		37,403		36,062		LIBOR+3.25%	1.75%	Interest Only	1/9/2025
Multifamily	NY	—		238		232		LIBOR+3.25%	1.75%	Interest Only	1/9/2025
Office	FL	—		85,067		84,443		LIBOR+3.00%	1.50%	Interest Only	1/9/2026














				$	568,385	$	498,081

(1) Represents third-party priority liens.

(2) LIBOR represents the one month London Interbank Offer Rate.

(3) Assumes all extension options are exercised.