Schedule IV: Mortgage Loans on 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 Real Estate

(Dollars in thousands)


Location	Segment	Interest Rate		Fixed / Variable	Maturity Date	Prior Liens		Monthly Debt Service		Face Amount of Mortgages		Carrying Amount of Mortgages		Principal Amount Subject to Delinquent Principal or Interest
First mortgages relating to one property located in:
Texas	Other	7.5	%	Fixed	04/01/2021	$	—	$	15	$	2,250	$	2,250	$	—
Florida	Other	7.5	%	Fixed	04/01/2021	—		54		8,289		8,289		—
Florida	Other	> of 2% or Libor + 4.25%		Variable	01/01/2026	—		276		51,716		51,233		—
California	Other	> of 2% or Libor + 4.25%		Variable	05/07/2026	—		70		13,257		13,477		—
Florida	Other	3.5	%	Fixed	12/17/2021	—		23		7,798		6,397		—
Florida	Other	3.5	%	Fixed	12/17/2021	—		11		3,912		3,137		—
Florida	Other	3.5	%	Fixed	12/17/2021	—		41		14,208		13,968		—
California	Other	3.5	%	Fixed	12/16/2021	—		102		35,100		34,359		—
First mortgage relating to 11 properties located in:
California	Other	5.5	%	Fixed	04/06/2022	—		118		25,000		24,462		—
						$	—	$	710	$	161,530	$	157,572	$	—


	Year Ended December 31,
	2020		2019		2018
Reconciliation of mortgage loans
Balance at beginning of year	$	161,964	$	42,037	$	188,418
Additions:
New mortgage loans	98,469		59,552		—
Draws on existing mortgage loans	19,182		60,375		42,398
Total additions	117,651		119,927		42,398

Deductions:
Principal repayments and conversions to equity ownership(1)	(113,200)		—		(188,779)
Reserve for loan losses(2)	(8,843)		—		—
Total deductions	(122,043)		—		(188,779)

Balance at end of year	$	157,572	$	161,964	$	42,037

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(1)Includes the conversion of loans into equity ownership in real estate.

(2)The year ended 2020 includes current expected credit loss reserves recognized under ASU 2016-13, which was adopted on January 1, 2020 (see Note 2 to the Consolidated Financial Statements). The year ended 2020 also includes an immaterial amount related to the cumulative-effect of adoption of ASU 2016-13. Refer to Note 7 for additional information on the Company’s reserve for loan losses.