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Schedule IV - Mortgage Loans on Real Estate | 12 Months Ended
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Dec. 31, 2019
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract] |
Schedule IV - Mortgage Loans on Real Estate | Schedule IV—Mortgage Loans on Real Estate As of December 31, 2019 ($ in thousands)
Type of Loan/Borrower |  | Underlying Property Type |  | Contractual Interest Accrual Rates |  | Contractual Interest Payment Rates |  | Effective Maturity Dates |  | Periodic Payment Terms(1) |  | Prior Liens |  | Face Amount of Mortgages |  | Carrying Amount of Mortgages(2)(3)
Senior Mortgages: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Borrower A |  | Mixed Use/Mixed Collateral |  | LIBOR + 4.50% |  | LIBOR + 4.50% |  | July 2020 |  | IO |  | $ | — |  |  | $ | 97,366 |  |  | $ | 97,443 |
Borrower B |  | Land |  | LIBOR + 6.0% |  | LIBOR + 6.0% |  | March 2021 |  | IO |  | $ | — |  |  | 94,175 |  |  | 93,721 |
Borrower C |  | Mixed Use/Mixed Collateral |  | LIBOR +6.75% |  | LIBOR +6.75% |  | June 2021 |  | IO |  | — |  |  | 47,908 |  |  | 48,536 |
Borrower D |  | Office |  | Variable: LIBOR +4.00% to LIBOR +12.35% |  | Variable: LIBOR +4.00% to LIBOR +12.35% |  | August 2020 |  | IO |  | — |  |  | 52,056 |  |  | 52,493 |
Borrower E |  | Mixed Use/Mixed Collateral |  | LIBOR + 4.75% |  | LIBOR + 4.75% |  | July 2020 |  | IO |  | — |  |  | 49,682 |  |  | 49,539 |
Borrower F |  | Office |  | LIBOR + 5% |  | LIBOR + 5% |  | October 2020 |  | IO |  | — |  |  | 12,605 |  |  | 12,543 |
Borrower G |  | Apartment/Residential |  | LIBOR + 5.25% |  | LIBOR + 5.25% |  | June 2021 |  | IO |  | — |  |  | 46,592 |  |  | 46,308 |
Borrower H |  | Apartment/Residential |  | LIBOR + 6% |  | LIBOR +6% |  | April 2021 |  | IO |  | — |  |  | 38,912 |  |  | 38,614 |
Borrower I |  | Apartment/Residential |  | LIBOR +5.75% |  | LIBOR +5.75% |  | March 2021 |  | IO |  | — |  |  | 34,301 |  |  | 34,158 |
Borrower J |  | Hotel |  | LIBOR +4.50% |  | LIBOR +4.50% |  | February 2020 |  | IO |  | — |  |  | 35,656 |  |  | 35,640 |
Borrower K |  | Retail |  | LIBOR + 3.0% |  | LIBOR + 3.0% |  | July 2009 |  | IO |  | — |  |  | 56,341 |  |  | 16,119 |
Senior mortgages individually <3% |  | Apartment/Residential, Retail, Mixed Use/Mixed Collateral, Office, Hotel, Land, or Other |  | Fixed: 9.68% Variable: LIBOR + 5% to LIBOR + 5.25% |  | Fixed: 9.68% Variable: LIBOR + 5% to LIBOR + 5.25% |  | 2020 to 2024 |  | IO |  | — |  |  | 25,884 |  |  | 25,769 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | 591,478 |  |  | 550,883 |
Subordinate Mortgages: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subordinate mortgages individually <3% |  | Hotel |  | Fixed: 6.8% to 14.0% |  | Fixed: 6.8% to 14% |  | 2020 to 2057 |  | IO |  | — |  |  | 10,874 |  |  | 10,878 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | 10,874 |  |  | 10,878 |
Total mortgages |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 602,352 |  |  | $ | 561,761 |
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(1) | IO = Interest only.
(2) | Amounts are presented net of asset-specific reserves of $21.7 million on impaired loans. Impairment is measured using the estimated fair value of collateral, less costs to sell.
(3) | The carrying amount of mortgages approximated the federal income tax basis.
iStar Inc. Schedule IV—Mortgage Loans on Real Estate (Continued) As of December 31, 2019 ($ in thousands) Reconciliation of Mortgage Loans on Real Estate: The following table reconciles Mortgage Loans on Real Estate from January 1, 2017 to December 31, 2019(1):
| 2019 |  | 2018 |  | 2017
Balance at January 1 | $ | 730,515 |  |  | $ | 752,129 |  |  | $ | 915,905 |
Additions: |  |  |  |  |
New mortgage loans | 11,667 |  |  | 381,133 |  |  | 265,966 |
Additions under existing mortgage loans | 164,120 |  |  | 157,702 |  |  | 132,703 |
Other(2) | 25,740 |  |  | 25,778 |  |  | 23,388 |
Deductions(3): |  |  |  |  |
Collections of principal | (355,769 | ) |  | (501,466 | ) |  | (528,321 | )
Recovery of (provision for) loan losses | (493 | ) |  | (45 | ) |  | 28 |
Transfers to real estate and equity investments | (13,987 | ) |  | (84,684 | ) |  | (57,505 | )
Amortization of premium | (32 | ) |  | (32 | ) |  | (35 | )
Balance at December 31 | $ | 561,761 |  |  | $ | 730,515 |  |  | $ | 752,129 |
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(1) | Balances represent the carrying value of loans, which are net of asset specific reserves.
(2) | Amount includes amortization of discount, deferred interest capitalized and mark-to-market adjustments resulting from changes in foreign exchange rates.
(3) Amounts are presented net of charge-offs of $19.2 million and $1.2 million for the years ended December 31, 2019 and 2017, respectively.

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- Definition The entire disclosure for investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate. Includes, but is not limited to, information for each mortgage loan receivable equaling or exceeding three percent of carrying amount of mortgage. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 29 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 948 -SubTopic 310 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-29) -URI http://asc.fasb.org/extlink&oid=6589523&loc=d3e617274-123014 + Details
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