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

12 Months Ended

Dec. 31, 2019

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, 2019
			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%	2031-12-31	$31,000		$	3,814	$	2,313
Lexington, VA	8.0%	2032-12-31	$21,000		$	3,089	$	1,686
Brookneal, VA	8.0%	2031-12-31	$21,000		$	2,780	$	1,640
Laurel Fork, VA	8.0%	2030-12-31	$20,000		$	2,672	$	1,535

Assisted living facilities:
Oviedo, FL	8.25%	2021-12-31	Interest Only		$	10,000	$	10,000
Rye, NH	8.0%	2022-12-31	Interest Only		$	10,000	$	9,948
Indianapolis, IN	7.0%	2022-12-31	Interest Only		$	6,423	$	6,423

Entrance fee communities:
Columbia, SC	7.3%	2024-12-31	Interest Only		$	32,700	$	32,700

Second Mortgages:
Assisted living facilities:
Green Bay, WI	13.0%	2020-12-31	Interest Only		$	3,870	$	3,834

Construction Loan:
Phoenix, AZ	7.25%	2028-12-31	Interest Only		$	77,340	$	75,871
Phoenix, AZ	8.50%	2023-12-31	Interest Only		$	45,938	$	45,938
Canton, MI	9.0%	2023-12-31	Interest Only		$	11,312	$	11,312
Shelby Township, MI	9.0%	2022-12-31	Interest Only		$	14,000	$	14,000
Virginia Beach, VA	9.0%	2023-12-31	Interest Only		$	11,804	$	11,804
Issaquah, WA	6.75%	2025-12-31	Interest Only		$	59,349	$	59,166
Oshkosh, WI	8.50%	2024-12-31	Interest Only		$	6,045	$	5,950

							$	294,120	$	—

At December 31, 2019, the tax basis of our mortgage loans on real estate was $296,385,000. Balloon payments on our interest only mortgage receivables are equivalent to the carrying amounts listed above except for unamortized commitment fees of $1,835,000.

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, 2019, 2018, AND 2017
(in thousands)
	December 31,
	2019		2018		2017
Reconciliation of mortgage loans on real estate
Balance at beginning of period	$	202,877	$	98,110	$	99,179
Additions:
New mortgage loans	105,345		108,266		33,823
Amortization of loan discount and commitment fees	440		608		1,005
Total Additions	105,785		108,874		34,828

Deductions:
Loan commitment fees received	108		1,800		—
Mortgage notes receivable related to investments in real estate	14,000		—		—
Collection of principal, less recoveries of previous write-downs	434		2,307		35,897
Total Deductions	14,542		4,107		35,897

Balance at end of period	$	294,120	$	202,877	$	98,110