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

12 Months Ended

Dec. 31, 2020

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, 2020
			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:
Lexington, VA	8.0%	2032-12-31	$21,000		$	3,089	$	1,608
Brookneal, VA	8.0%	2031-12-31	$21,000		$	2,780	$	1,557
Laurel Fork, VA	8.0%	2030-12-31	$20,000		$	2,672	$	1,443

Assisted living facilities:
Oviedo, FL	8.25%	2021-12-31	Interest Only		$	10,000	$	10,000
Indianapolis, IN	7.0%	2022-12-31	Interest Only		$	6,423	$	6,423
Wabash/Lafayette, IN	7.0%	2025-12-31	Interest Only		$	4,000	$	4,000

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

Construction Loan:
Phoenix, AZ	7.25%	2028-12-31	Interest Only		$	98,752	$	97,614
Phoenix, AZ	8.50%	2023-12-31	Interest Only		$	61,200	$	61,200
Canton, MI	9.0%	2023-12-31	Interest Only		$	11,312	$	14,548
Chesapeake, VA	9.0%	2025-12-31	Interest Only		$	14,200	$	1,918
Virginia Beach, VA	9.0%	2023-12-31	Interest Only		$	14,000	$	14,000
Oshkosh, WI	8.50%	2024-12-31	Interest Only		$	6,045	$	8,643
Sussex, WI	8.50%	2024-12-31	Interest Only		$	22,200	$	3,837

							$	259,491	$	—

At December 31, 2020, the tax basis of our mortgage loans on real estate was $261,170,000. Balloon payments on our interest only mortgage receivables are equivalent to the carrying amounts listed above except for unamortized commitment fees of $1,414,000.

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, 2020, 2019, AND 2018
($ in thousands)
	December 31,
	2020		2019		2018
Reconciliation of mortgage loans on real estate
Balance at beginning of period	$	294,120	$	202,877	$	98,110
Additions:
New mortgage loans	55,059		105,345		108,266
Amortization of loan discount and commitment fees	806		440		608
Total Additions	55,865		105,785		108,874

Deductions:
Loan commitment fees received	222		108		1,800
Mortgage notes receivable related to investments in real estate	63,220		14,000		—
Collection of principal, less recoveries of previous write-downs	27,052		434		2,307
Total Deductions	90,494		14,542		4,107

Balance at end of period	$	259,491	$	294,120	$	202,877