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Notes Receivable (Tables) | 9 Months Ended
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Sep. 30, 2020
Notes Receivable. |
Summary of mezzanine loans and other loan arrangements |
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | September 30, 2020 | ​ | December 31, 2019 |
Mezzanine loans | $ | 8,566 | ​ | $ | 13,284 | ​
Other loans | ​ | 5,875 | ​ | ​ | 4,824 | ​
Notes receivable reserve | ​ | (144) | ​ | ​ | (181) | ​
Total | $ | 14,297 | ​ | $ | 17,927 | ​
Schedule of new loan commitments | The following table summarizes our notes receivable activity for the nine months ended September 30, 2020 and 2019 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Nine Months Ended September 30,
​ | ​ | 2020 | ​ | ​ | 2019 | ​
Advances under notes receivable | $ | 1,366 | (1) | $ | 8,531 | (2)
Principal payments received under notes receivable | ​ | (4,732) | ​ | ​ | (3,446) | ​
Reclassified to lease incentives | ​ | (300) | (3) | ​ | (200) | (3)
Notes receivable reserve | ​ | 36 | ​ | ​ | (48) | ​
Total | $ | (3,630) | ​ | $ | 4,837 | ​
(1) | We originated a $1,250 note agreement, funding $1,000 with a commitment to fund $250. The note bears interest at 5.0%.
​
(2) | 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 $1,124 with a commitment to fund $276. The note bears interest at 7.0%. Further, we originated a $550 note agreement, funding $400 with a commitment to fund $150. The note bears interest at 7.5%.
​
(3) | 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=120391452&loc=d3e13212-122682 + Details
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