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

12 Months Ended

Dec. 31, 2024

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, 2024
			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:
Austin/San Antonio, TX	7.25%	2027-11-30	Interest Only		$	42,500	$	42,465
Maitland, FL	8.5%	2027-12-31	Interest Only		$	9,000	$	9,000

Assisted living facilities:
Oviedo, FL	8.25%	2025-07-31	Interest Only		$	10,000	$	10,000
Bloomington, IL	8.75%	2029-02-28	Interest Only		$	15,000	$	14,877
Indianapolis, IN	7.0%	2025-06-30	Interest Only		$	6,423	$	6,423
Tulsa, OK	8.5%	2029-06-30	Interest Only		$	9,500	$	9,416

Entrance-fee communities:
Columbia, SC	7.25%	2025-06-30	Interest Only		$	32,700	$	32,666

Second Mortgages:
Winter Park, FL	12.0%	2025-10-31	Interest Only		$	725	$	725

Construction Loans:
Lake City, FL	9.0%	2028-08-31	Interest Only		$	7,172	$	7,172
Canton, MI	9.0%	2025-07-31	Interest Only		$	14,700	$	14,700
Fitchburg, WI	8.5%	2026-01-28	Interest Only		$	28,386	$	28,386

							$	175,830	$	—

At December 31, 2024, the tax basis of our mortgage loans on real estate was $188.7 million. Balloon payments on our interest only mortgage receivables are equivalent to the carrying amounts listed above except for unamortized commitment fees of $651.2 thousand.

See the notes to our consolidated financial statements included in the Annual Report 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, 2024, 2023, AND 2022
($ in thousands)
	December 31,
	2024		2023		2022
Reconciliation of mortgage loans on real estate
Balance at beginning of period	$	162,433	$	164,576	$	230,927
Additions:
New mortgage loans	41,718		15,083		67,978
Amortization of loan discount and commitment fees	471		428		907
Total Additions	42,189		15,511		68,885

Deductions:
Loan commitment fees received	885		—		497
Extension fee received	82		—		—
Mortgage notes receivable related to investments in real estate	22,184		14,200		23,071
Collection of principal, less recoveries of previous write-downs	5,641		3,454		111,668
Total Deductions	28,792		17,654		135,236

Balance at end of period	$	175,830	$	162,433	$	164,576