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Schedule IV - Mortgage Loans on Real Estate | 12 Months Ended
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Dec. 31, 2022
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, 2022 ($ 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, 2023 |  | IO | ​ |  | — | ​ | $ | 6,765 | ​ | $ | 6,756
Borrower B(4) |  | Mixed Use/Mixed Collateral |  | SOFR + 9.00 | % | SOFR + 9.00 | % | October, 2026 |  | IO | ​ |  | — | ​ |  | 80,832 | ​ |  | 37,650
Borrower C |  | Apartment/Residential |  | LIBOR + 5.25 | % | LIBOR + 5.25 | % | December, 2022 |  | IO | ​ |  | — | ​ | ​ | 29,358 | ​ | ​ | 29,097
​ | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Subordinate Mortgages: |  |  |  |  |  |  |  |  |  |  | ​ |  |  | ​ |  |  | ​ |  |
Borrower D | ​ | Hotel |  | Fixed: 6.80 | % | Fixed: 6.80 | % | September, 2057 |  | IO | ​ |  | — | ​ |  | 13,327 | ​ |  | 13,331
Total mortgages | ​ | ​ |  | ​ |  |  |  |  |  |  | ​ |  |  | ​ | $ | 130,282 | ​ | $ | 86,834
(1) | IO = Interest only.
(2) | Amounts are presented net of asset-specific allowances of $0.4 million on impaired loans and loans held for sale. Impairment is measured using the estimated fair value of collateral, less costs to sell.
(3) | The carrying amount of mortgages approximated the federal income tax basis.
(4) | Classified as held for sale as of December 31, 2022. The Company has the intent to sell the loan based on a bid received from a third-party and the loan is recorded on the Company’s consolidated balance sheet at the estimated sales price.
​ iStar Inc. Schedule IV—Mortgage Loans on Real Estate (Continued) As of December 31, 2022 ($ in thousands) ​ Reconciliation of Mortgage Loans on Real Estate: The following table reconciles Mortgage Loans on Real Estate from January 1, 2020 to December 31, 2022:(1) ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
Balance at January 1 | ​ | $ | 211,488 | ​ | $ | 496,553 | ​ | $ | 561,761
Additions: | ​ |  |  | ​ |  |  | ​ |  |
New mortgage loans | ​ |  | — | ​ |  | 32,942 | ​ |  | 19,975
Additions under existing mortgage loans | ​ |  | 6,482 | ​ |  | 20,958 | ​ |  | 72,574
Other(2) | ​ |  | 4,233 | ​ |  | 7,455 | ​ |  | 25,867
Deductions(3): | ​ |  |  | ​ |  |  | ​ |  |
Collections of principal | ​ |  | (111,112) | ​ |  | (304,053) | ​ |  | (178,662)
Change in provision for loan losses | ​ |  | (24,237) | ​ |  | 166 | ​ |  | (4,930)
Transfers to real estate and equity investments | ​ |  | — | ​ |  | (42,501) | ​ |  | —
Amortization of premium | ​ |  | (20) | ​ |  | (32) | ​ |  | (32)
Balance at December 31 | ​ | $ | 86,834 | ​ | $ | 211,488 | ​ | $ | 496,553
(1) | Balances represent the carrying value of loans, which are net of asset specific allowances.
(2) | Amount includes amortization of discount and deferred interest capitalized.
(3) | Amounts are presented net of charge-offs for the years ended December 31, 2022 and 2020.

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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 3 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 https://asc.fasb.org/extlink&oid=120402547&loc=d3e617274-123014 + Details
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