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Notes Receivable (Tables) | 6 Months Ended
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Jun. 30, 2020
Notes Receivable. |
Summary of mezzanine loans and other loan arrangements | Notes receivable consists of mezzanine loans and other loan arrangements. The following table is a summary of our notes receivable components as of June 30, 2020 and December 31, 2019 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | June 30, 2020 | ​ | December 31, 2019 |
Mezzanine loans | $ | 11,135 | (1) | $ | 13,284 | ​
Other loans | ​ | 5,121 | ​ | ​ | 4,824 | ​
Notes receivable reserve | ​ | (163) | ​ | ​ | (181) | ​
Total | $ | 16,093 | ​ | $ | 17,927 | ​
(1) | Subsequent to June 30, 2020, we received $2,569 related to the partial paydown of a mezzanine loan.
Schedule of new loan commitments | The following table summarizes our notes receivable activity for the six months ended June 30, 2020 and 2019 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Six Months Ended June 30,
​ | ​ | 2020 | ​ | ​ | 2019 | ​
Advances under notes receivable | $ | 611 | ​ | $ | 7,766 | (1)
Principal payments received under notes receivable | ​ | (2,163) | ​ | ​ | (49) | ​
Reclassified to lease incentives | ​ | (300) | (2) | ​ | (200) | (2)
Notes receivable reserve | ​ | 18 | ​ | ​ | (75) | ​
Total | $ | (1,834) | ​ | $ | 7,442 | ​
(1) | We originated a $6,800 mezzanine loan commitment for the development of a 204-unit ILF/ALF/MC in Georgia. The mezzanine loan has a five-year term and a 12.0% return, a portion of which is paid in cash, and the remaining portion of which is deferred during the first 46 months. Additionally, we originated a $1,400 note agreement, funding $582 with a commitment to fund $818. The note bears interest at 7.0%. Further, we originated a $550 note agreement, funding $200 with a commitment to fund $350. The note bears interest at 7.5%.
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(2) | Represents interim working capital loans related to development projects which matured upon completion of the development projects and commencement of the master leases.

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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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