XML 42 R32.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Schedule IV - Mortgage Loans on Real Estate | 12 Months Ended
--- | ---
Dec. 31, 2021
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, 2021 ($ in thousands) ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Contractual | ​ | Contractual | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Face | ​ | Carrying
​ | ​ | ​ | ​ | Interest | ​ | Interest | ​ | Effective | ​ | Periodic | ​ | ​ | ​ | ​ | Amount | ​ | Amount
​ | ​ | ​ |  | Accrual |  | Payment |  | Maturity |  | Payment |  | Prior |  | of | ​ | of
Type of Loan/Borrower |  | Underlying Property Type |  | Rates |  | Rates |  | Dates |  | Terms(1) |  | Liens |  | Mortgages | ​ | Mortgages(2)(3)
Senior Mortgages: |  |  |  |  |  |  |  |  |  |  |  | ​ |  |  | ​ |  |  | ​ |
Borrower A |  | Apartment/Residential |  | LIBOR + 5.25 | % | LIBOR + 5.25 | % | June, 2022 |  | IO | ​ |  | — | ​ | $ | 14,350 | ​ | $ | 14,320
Borrower B |  | Mixed Use/Mixed Collateral |  | LIBOR + 6.75 | % | LIBOR + 6.75 | % | June, 2021 |  | IO | ​ |  | — | ​ |  | 54,151 | ​ |  | 59,063
Borrower C |  | Mixed Use/Mixed Collateral |  | LIBOR + 4.75 | % | LIBOR + 4.75 | % | July, 2022 |  | IO | ​ |  | — | ​ |  | 52,230 | ​ |  | 52,161
Borrower D |  | Apartment/Residential |  | LIBOR + 5.25 | % | LIBOR + 5.25 | % | December, 2022 |  | IO | ​ |  | — | ​ |  | 28,337 | ​ |  | 28,394
Borrower E |  | Apartment/Residential |  | LIBOR + 5.25 | % | LIBOR + 5.25 | % | January, 2022 |  | IO | ​ |  | — | ​ |  | 29,952 | ​ |  | 30,128
Senior mortgages individually <3% | ​ | Retail, Mixed Use/Mixed Collateral |  | Fixed: 9.68% Variable: LIBOR + 5.00 | % | Fixed: 9.68% Variable: LIBOR + 5.00 | % | 2022 to 2024 |  | IO | ​ |  | — | ​ |  | 14,859 | ​ |  | 14,965
​ | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Subordinate Mortgages: |  |  |  |  |  |  |  |  |  |  | ​ |  |  | ​ |  |  | ​ |  |
Subordinate mortgages individually <3% | ​ | Hotel |  | Fixed: 6.80 | % | Fixed: 6.80 | % | September, 2057 |  | IO | ​ |  | — | ​ |  | 12,453 | ​ |  | 12,457
​ |  | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 12,453 | ​ | ​ | 12,457
Total mortgages | ​ | ​ |  | ​ |  |  |  |  |  |  | ​ |  |  | ​ | $ | 206,332 | ​ | $ | 211,488
(1) | IO = Interest only.
(2) | Amounts are presented net of asset-specific allowances of $0.6 million on impaired loans. Impairment is measured using the estimated fair value of collateral, less costs to sell.
(3) | The carrying amount of mortgages approximated the federal income tax basis.
​ iStar Inc. Schedule IV—Mortgage Loans on Real Estate (Continued) As of December 31, 2021 ($ in thousands) ​ Reconciliation of Mortgage Loans on Real Estate: The following table reconciles Mortgage Loans on Real Estate from January 1, 2019 to December 31, 2021:(1) ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020 |  | 2019
Balance at January 1 | ​ | $ | 496,553 | ​ | $ | 561,761 | ​ | $ | 730,515
Additions: | ​ |  |  | ​ |  |  | ​ |  |
New mortgage loans | ​ |  | 32,942 | ​ |  | 19,975 | ​ |  | 11,667
Additions under existing mortgage loans | ​ |  | 20,958 | ​ |  | 72,574 | ​ |  | 164,120
Other(2) | ​ |  | 7,455 | ​ |  | 25,867 | ​ |  | 25,740
Deductions(3): | ​ |  |  | ​ |  |  | ​ |  |
Collections of principal | ​ |  | (304,053) | ​ |  | (178,662) | ​ |  | (355,769)
Provision for loan losses | ​ |  | 166 | ​ |  | (4,930) | ​ |  | (493)
Transfers to real estate and equity investments | ​ |  | (42,501) | ​ |  | — | ​ |  | (13,987)
Amortization of premium | ​ |  | (32) | ​ |  | (32) | ​ |  | (32)
Balance at December 31 | ​ | $ | 211,488 | ​ | $ | 496,553 | ​ | $ | 561,761
(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 for the years ended December 31, 2020.

X
- References No definition available. + Details
Name: | srt_MortgageLoansOnRealEstateAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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=120402547&loc=d3e617274-123014 + Details
Name: | srt_MortgageLoansOnRealEstateByLoanDisclosureTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration