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Schedule IV - Mortgage Loans on Real Estate
 12 Months Ended
Dec. 31, 2020
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, 2020
($ in thousands)
Type of Loan/BorrowerUnderlying Property TypeContractual
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 AMixed Use/Mixed Collateral
LIBOR + 4.50%
LIBOR + 4.50%
January, 2021IO$— $83,579 $83,846 
Borrower BLand
LIBOR + 6.00%
LIBOR + 6.00%
March, 2021IO$— 58,161 58,070 
Borrower CApartment/Residential
Fixed: 6.00%
Fixed: 6.00%
April, 2021IO— 61,805 61,740 
Borrower DApartment/Residential
LIBOR + 5.25%
LIBOR + 5.25%
June, 2021IO— 53,055 53,033 
Borrower EMixed Use/Mixed Collateral
LIBOR + 6.75%
LIBOR + 6.75%
June, 2021IO— 52,552 52,563 
Borrower FMixed Use/Mixed Collateral
LIBOR + 4.75%
LIBOR + 4.75%
July, 2021IO— 51,705 51,629 
Borrower GHotel
LIBOR + 4.50%
LIBOR + 4.50%
February, 2021IO— 42,501 42,501 
Borrower HApartment/Residential
LIBOR + 5.25%
LIBOR + 5.25%
December, 2021IO— 24,585 24,610 
Borrower IApartment/Residential
LIBOR + 2.65%
LIBOR + 2.65%
November, 2023IO— 22,500 20,115 
Borrower JApartment/Residential
LIBOR + 5.25%
LIBOR + 5.25%
September, 2021IO— 20,955 20,999 
Senior mortgages individually <3%Apartment/Residential, Retail, Mixed Use/Mixed Collateral, Office, Hotel, Land, or Other
Fixed: 9.68%
Variable: LIBOR + 5.00%
Fixed: 9.68%
Variable: LIBOR + 5.00%
2021 to 2024IO— 15,694 15,807 
      487,092 484,913 
Subordinate Mortgages:        
Subordinate mortgages individually <3%Hotel
Fixed: 6.80%
Fixed: 6.80%
September, 2057IO— 11,637 11,640 
      11,637 11,640 
Total mortgages      $498,729 $496,553 
_______________________________________________________________________________
(1)IO = Interest only.
(2)Amounts are presented net of asset-specific allowances of $0.7 million on impaired loans. Impairment is measured using the estimated fair value of collateral, less costs to sell.
(3)The carrying amount of mortgages approximated the federal income tax basis.
iStar Inc.
Schedule IV—Mortgage Loans on Real Estate (Continued)
As of December 31, 2020
($ in thousands)

Reconciliation of Mortgage Loans on Real Estate:

    The following table reconciles Mortgage Loans on Real Estate from January 1, 2018 to December 31, 2020:(1)
202020192018
Balance at January 1$561,761 $730,515 $752,129 
Additions:
   New mortgage loans19,975 11,667 381,133 
   Additions under existing mortgage loans72,574 164,120 157,702 
   Other(2)
25,867 25,740 25,778 
Deductions(3):
   Collections of principal(178,662)(355,769)(501,466)
   Provision for loan losses(4,930)(493)(45)
   Transfers to real estate and equity investments— (13,987)(84,684)
   Amortization of premium(32)(32)(32)
Balance at December 31$496,553 $561,761 $730,515 
______________________________________________________________
(1)    Balances represent the carrying value of loans, which are net of asset specific allowances.
(2)    Amount includes amortization of discount, deferred interest capitalized and mark-to-market adjustments resulting from changes in foreign exchange rates.
(3)    Amount is presented net of charge-offs of $25.9 million and $19.2 million for the years ended December 31, 2020 and 2019.