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Schedule IV - Mortgage Loans on Real Estate Schedule IV - Mortgage Loans on Real Estate
 12 Months Ended
Dec. 31, 2017
Schedule IV - Mortgage Loans on Real Estate [Abstract]  
Mortgage Loans on Real Estate, by Loan Disclosure [Text Block]
NATIONAL HEALTH INVESTORS, INC.
SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE
December 31, 2017
 
 
 
Monthly
 
 
 
 
Amount Subject To
 
Interest
Maturity
Payment
Prior
Original
Carrying
 
Delinquent Principal
 
Rate
Date
Terms
Liens
Face Amount
Amount
 
or Interest
 
 
 
 
 
(in thousands)
 
 
First Mortgages:
 
 
 
 
 
 
 
 
Skilled nursing facilities:
 
 
 
 
 
 
 
 
Virginia Beach, VA
8.0%
2031
$31,000
 
$
3,814

$
2,532

 
 
Lexington, VA
8.0%
2032
$21,000
 
$
3,089

1,824

 
 
Brookneal, VA
8.0%
2031
$21,000
 
$
2,780

1,785

 
 
Laurel Fork, VA
8.0%
2030
$20,000
 
$
2,672

1,698

 
 
 
 
 
 
 
 
 
 
 
Assisted living facilities:
 
 
 
 
 
 
 
 
Oviedo, FL
8.25%
2021
Interest Only
 
$
10,000

10,000

 
 
Rye, NH
8.0%
2022
Interest Only
 
$
10,000

9,908

 
 
 
 
 
 
 
 
 
 
 
Construction Loan:
 
 
 
 
 
 
 
 
Gurnee, IL
9.0%
2021
Interest Only
 
$
11,096

11,096

 
 
Shelby Township, MI
9.0%
2022
Interest Only
 
$
4,462

4,462

 
 
Issaquah, WA
8.0%
2020
Interest Only
 
$
94,500

1,183

 
 
Issaquah, WA
6.75%
2025
Interest Only
 
$
42,944

53,622

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
98,110

 
$
—


At December 31, 2017, the tax basis of our mortgage loans on real estate was $98,110,000. Balloon payments on our interest only mortgage receivables are equivalent to the carrying amounts listed above except for unamortized commitment fees of $92,000 and $770,000 for Rye, NH and Issaquah, WA, respectively.

See the notes to our consolidated financial statements for more information on our mortgage loan receivables.
NATIONAL HEALTH INVESTORS, INC.
SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE
FOR THE YEARS ENDED DECEMBER 31, 2017, 2016 AND 2015
(in thousands)
 
December 31,
 
2017
 
2016
 
2015
Reconciliation of mortgage loans on real estate
 
 
 
 
 
Balance at beginning of period
$
99,179

 
$
101,124

 
$
34,850

Additions:
 
 
 
 
 
New mortgage loans
33,823

 
66,446

 
83,411

Amortization of loan discount and commitment fees
1,005

 
669

 
336

Total Additions
34,828

 
67,115

 
83,747

 
 
 
 
 
 
Deductions:
 
 
 
 
 
Loan commitment fees received
—

 
—

 
1,545

Collection of principal, less recoveries of previous write-downs
35,897

 
69,060

 
15,928

Total Deductions
35,897

 
69,060

 
17,473

 
 
 
 
 
 
Balance at end of period
$
98,110

 
$
99,179

 
$
101,124