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Loans Receivable (Tables)
 12 Months Ended
Dec. 31, 2018
Receivables [Abstract]  
Schedule of loans receivable (in thousands)
The following table summarizes the Company’s loans receivable (in thousands):
 
December 31,
 
2018
 
2017
 
Real Estate
Secured
 
Other
Secured
 
Total
 
Real Estate
Secured
 
Other
Secured
 
Total
Mezzanine(1)
$
—

 
$
21,013

 
$
21,013

 
$
—

 
$
269,299

 
$
269,299

Other(2)
42,037

 
—

 
42,037

 
188,418

 
—

 
188,418

Unamortized discounts, fees and costs
—

 
(52
)
 
(52
)
 
—

 
(596
)
 
(596
)
Allowance for loan losses(1)
—

 
—

 
—

 
—

 
(143,795
)
 
(143,795
)
 
$
42,037

 
$
20,961

 
$
62,998

 
$
188,418

 
$
124,908

 
$
313,326

_______________________________________
(1)
At December 31, 2017, primarily related to the Company’s mezzanine loan facility to Tandem Health Care discussed below.
(2)
At December 31, 2018, the Company had $73 million remaining of commitments to fund a $115 million senior living development project. At December 31, 2017, includes the U.K. Bridge Loan discussed below.
Summary of th Company's internal ratings for loans receivable
The following table summarizes the Company’s internal ratings for net investment in DFLs at December 31, 2018 (dollars in thousands):
 
 
 
 
 
 
Internal Ratings
Segment
 
Carrying
Amount
 
Percentage of
DFL Portfolio
 
Performing DFLs
 
Watch List DFLs
 
Workout DFLs
Senior housing triple-net
 
$
629,214

 
88
 
$
278,503

 
$
350,711

 
$
—

Other non-reportable segments
 
84,604

 
12
 
84,604

 
—

 
—

 
 
$
713,818

 
100
 
$
363,107

 
$
350,711

 
$
—

The following table summarizes the Company’s internal ratings for loans receivable at December 31, 2018 (dollars in thousands):
 
 
Carrying
Amount
 
Percentage
of Loan
Portfolio
 
Internal Ratings
Investment Type
 
 
 
Performing
Loans
 
Watch List
Loans
 
Workout
Loans
Real estate secured
 
$
42,037

 
67
 
$
42,037

 
$
—

 
$
—

Other secured
 
20,961

 
33
 
20,961

 
—

 
—

 
 
$
62,998

 
100
 
$
62,998

 
$
—

 
$
—
Schedule of loans receivable secured by real estate
The following table summarizes the Company’s loan receivable secured by real estate at December 31, 2018 (dollars in thousands):
Final
Maturity
Date
 
Number
of
Loans
 
Payment Terms
 
Principal
Amount(1)
 
Carrying
Amount
2022
 
1
 
monthly interest-only payments, accrues interest at 6.5% and secured by a senior housing facility in Washington(2)
 
$
42,037

 
$
42,037

_______________________________________
(1)
Represents future contractual principal payments to be received on loans receivable secured by real estate.
(2)
Contains a participation feature that allows the Company to participate in up to 20% of the appreciation of the asset through the time the loan is refinanced or repaid.