Schedule IV - Mortgage Loans on Real Estate Schedule IV - Mortgage Loans on Real Estate

12 Months Ended

Dec. 31, 2018

Schedule IV - Mortgage Loans on Real Estate [Abstract]

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Text Block]



NATIONAL HEALTH INVESTORS, INC.
SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE
December 31, 2018
			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	$	2,427
Lexington, VA	8.0%	2032	$21,000		$	3,089	$	1,758
Brookneal, VA	8.0%	2031	$21,000		$	2,780	$	1,716
Laurel Fork, VA	8.0%	2030	$20,000		$	2,672	$	1,620

Assisted living facilities:
Oviedo, FL	8.25%	2021	Interest Only		$	10,000	$	10,000
Rye, NH	8.0%	2022	Interest Only		$	10,000	$	9,928

Construction Loan:
Phoenix, AZ	7.25%	2028	Interest Only		$	76,653	$	75,465
Phoenix, AZ	8.50%	2023	Interest Only		$	10,165	$	9,553
Gurnee, IL	9.0%	2021	Interest Only		$	13,047	$	13,047
Canton, MI	9.0%	2023	Interest Only		$	2,978	$	2,978
Shelby Township, MI	9.0%	2022	Interest Only		$	11,931	$	11,931
Virginia Beach, VA	9.0%	2023	Interest Only		$	4,515	$	4,515
Issaquah, WA	6.75%	2025	Interest Only		$	57,939	$	57,939

							$	202,877	$	—

At December 31, 2018, the tax basis of our mortgage loans on real estate was $202,877,000. Balloon payments on our interest only mortgage receivables are equivalent to the carrying amounts listed above except for unamortized commitment fees of $72,000, $219,000, and $1,800,000 for Rye, NH, Issaquah, WA, and Phoenix, AZ, 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, 2018, 2017, AND 2016
(in thousands)
	December 31,
	2018		2017		2016
Reconciliation of mortgage loans on real estate
Balance at beginning of period	$	98,110	$	99,179	$	101,124
Additions:
New mortgage loans	108,266		33,823		66,446
Amortization of loan discount and commitment fees	608		1,005		669
Total Additions	108,874		34,828		67,115

Deductions:
Loan commitment fees received	1,800		—		—
Collection of principal, less recoveries of previous write-downs	2,307		35,897		69,060
Total Deductions	4,107		35,897		69,060

Balance at end of period	$	202,877	$	98,110	$	99,179