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Schedule IV - Mortgage Loans on Real Estate Assets
 12 Months Ended
Dec. 31, 2022
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]  
Schedule IV - Mortgage Loans on Real Estate Assets
Schedule IV – Mortgage Loans on Real Estate Assets as of December 31, 2022
Dollars in thousandsFinal Maturity DatePayment TermsPrior LiensFace Amount Carrying AmountPrincipal Amount of Loans Subject to Delinquent Principal or Interest
Mortgage loan on real estate located in:
Texas7.00 %12/31/2023(1)$— $31,150 $30,552 $— 
Florida6.00 %2/27/2026(2)$— 13,062 12,988 — 
Mezzanine loans on real estate located in:
Texas8.00 %6/24/2024(3)— 54,119 51,052 — 
North Carolina8.00 %12/22/2024(4)— 6,000 5,493 — 
Total real estate notes receivable$— $104,331 $100,085 $— 
Accrued interest receivable— — 758 — 
Deferred fee— — (1,200)— 
Total real estate notes receivable, net$— $104,331 $99,643 $— 
1 Twelve-month prefunded interest reserve, with principal sum and interest on unpaid principal due on the maturity date.
2 Construction loan up to $65 million with periodic disbursements. Interest only payments due with principal and any unpaid interest due on the maturity date.
3 Interest is accrued and funded utilizing interest reserves, funded through payment-in-kind interest, until such time the interest reserve is fully funded. Thereafter, interest only payments due with principal and any unpaid interest due on the maturity date.
4 Capitalized interest through maturity, with outstanding principal and accrued interest due on the maturity date.
The following shows changes in the carrying amounts of mortgage loans on real estate assets during the years ended December 31, 2022, 2021 and 2020:
Year Ended December 31,
202220212020
Balance as of the beginning of the year$— $— $— 
Additions:
Fair value real estate notes assumed74,819 — — 
New real estate notes23,325 — — 
Capitalized interest1,499 — — 
Accretion of fees and other items— — — 
Deductions:
Collection of real estate loans— — — 
Deferred fees and other items— — — 
Balance as of the end of the year$99,643 $— $— 
All other schedules for which provision is made in the applicable accounting regulations of the Securities and Exchange Commission are omitted because they are not required under the related instructions or are not applicable, or because the required information is shown in the consolidated financial statements or notes thereto.