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Schedule IV: Mortgage Loans on Real Estate | 12 Months Ended
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Dec. 31, 2021
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract] |
Schedule IV: Mortgage Loans on Real Estate | Schedule IV: Mortgage Loans on Real Estate (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 1 property located in:
Texas |  | Other |  | 7.5 | % |  | Fixed |  | 04/01/2022 |  | $ | — |  |  | $ | 14 |  |  | $ | 2,250 |  |  | $ | 2,191 |  |  | $ | — |
California |  | Other |  | 4.25% + greater of 2.0% or LIBOR |  | Variable |  | 05/07/2026 |  | — |  |  | 97 |  |  | 18,420 |  |  | 18,604 |  |  | — |
Florida |  | Other |  | 4.0 | % |  | Fixed |  | 12/17/2022 |  | — |  |  | 25 |  |  | 7,798 |  |  | 7,246 |  |  | — |
Florida |  | Other |  | 4.0 | % |  | Fixed |  | 12/17/2022 |  | — |  |  | 13 |  |  | 3,912 |  |  | 3,582 |  |  | — |
Florida |  | Other |  | 4.0 | % |  | Fixed |  | 12/17/2022 |  | — |  |  | 45 |  |  | 14,208 |  |  | 14,180 |  |  | — |
California |  | Other |  | 4.0 | % |  | Fixed |  | 12/16/2022 |  | — |  |  | 113 |  |  | 35,100 |  |  | 34,994 |  |  | — |
First mortgages relating to 18 properties located in:
Multiple |  | Other |  | 3.5% + greater of 0.5% or LIBOR |  | Variable |  | 02/01/2024 |  | — |  |  | 569 |  |  | 165,093 |  |  | 161,618 |  |  | — |
First mortgages relating to 16 properties located in:
Multiple |  | Other |  | 4.0 | % |  | Fixed |  | 01/21/2023 |  | — |  |  | 515 |  |  | 149,500 |  |  | 147,876 |  |  | — |
|  |  |  |  |  |  |  |  |  | $ | — |  |  | $ | 1,391 |  |  | $ | 396,281 |  |  | $ | 390,291 |  |  | $ | — |
| Year Ended December 31,
| 2021 |  | 2020 |  | 2019
Reconciliation of mortgage loans |  |  |  |  |
Balance at beginning of year | $ | 157,572 |  |  | $ | 161,964 |  |  | $ | 42,037 |
Additions: |  |  |  |  |
New mortgage loans | 310,338 |  |  | 98,469 |  |  | 59,552 |
Draws on existing mortgage loans | 9,370 |  |  | 19,182 |  |  | 60,375 |
Total additions | 319,708 |  |  | 117,651 |  |  | 119,927 |
Deductions: |  |  |  |  |
Principal repayments | (84,486) |  |  | (113,200) |  |  | — |
Reserve for loan losses(1) | (2,503) |  |  | (8,843) |  |  | — |
Total deductions | (86,989) |  |  | (122,043) |  |  | — |
Balance at end of year | $ | 390,291 |  |  | $ | 157,572 |  |  | $ | 161,964 |
_______________________________________ (1)The years ended December 31, 2021 and 2020 include 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 December 31, 2020 also includes an immaterial amount related to the cumulative-effect of adoption of ASU 2016-13. Refer to Note 8 for additional information on the Company’s reserve for loan losses.

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- Definition The entire disclosure for investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate. Includes, but is not limited to, information for each mortgage loan receivable equaling or exceeding three percent of carrying amount of mortgage. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 29 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 948 -SubTopic 310 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-29) -URI http://asc.fasb.org/extlink&oid=120402547&loc=d3e617274-123014 + Details
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