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

12 Months Ended

Dec. 31, 2023

Schedule IV - Mortgage Loans on Real Estate [Abstract]

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate


NATIONAL HEALTH INVESTORS, INC.
SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE
December 31, 2023
			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	$	1,326
Brookneal, VA	8.0%	2031-12-31	$21,000		$	2,780	$	1,261
Austin/San Antonio, TX	7.25%	2027-11-30	Interest Only		$	42,500	$	42,380

Assisted living facilities:
Oviedo, FL	8.25%	2025-07-31	Interest Only		$	10,000	$	10,000
Indianapolis, IN	7.0%	2022-12-31	Interest Only		$	6,423	$	6,423
Wabash, IN	7.0%	2025-12-31	Interest Only		$	4,000	$	2,094

Entrance-fee communities:
Columbia, SC	7.25%	2024-12-31	Interest Only		$	32,700	$	32,700

Second Mortgages:
Winter Park, FL	12.0%	2025/10/31	Interest Only		$	1,550	$	1,550

Construction Loans:
Canton, MI	9.0%	2023-12-31	Interest Only		$	14,700	$	14,700
Fitchburg, WI	8.50%	2026-01-28	Interest Only		$	28,525	$	27,662
Sussex, WI	8.50%	2024-12-31	Interest Only		$	22,200	$	22,337

							$	162,433	$	—

At December 31, 2023, the tax basis of our mortgage loans on real estate was $175.2 million. Balloon payments on our interest only mortgage receivables are equivalent to the carrying amounts listed above except for unamortized commitment fees of $32.5 thousand.

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, 2023, 2022, AND 2021
($ in thousands)
	December 31,
	2023		2022		2021
Reconciliation of mortgage loans on real estate
Balance at beginning of period	$	164,576	$	230,927	$	259,491
Additions:
New mortgage loans	15,083		67,978		33,160
Amortization of loan discount and commitment fees	428		907		741
Total Additions	15,511		68,885		33,901

Deductions:
Loan commitment fees received	—		497		—
Mortgage notes receivable related to investments in real estate	14,200		23,071		—
Collection of principal, less recoveries of previous write-downs	3,454		111,668		62,465
Total Deductions	17,654		135,236		62,465

Balance at end of period	$	162,433	$	164,576	$	230,927