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SCHEDULE IV MORTGAGE LOANS ON REAL ESTATE | 12 Months Ended
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Dec. 31, 2022
SCHEDULE IV MORTGAGE LOANS ON REAL ESTATE |
Schedule IV MORTGAGE LOANS ON REAL ESTATE | SCHEDULE IV MORTGAGE LOANS ON REAL ESTATE FOR THE YEAR ENDED DECEMBER 31, 2022 ​ There was a portfolio of three commercial loan investments and one preferred equity investment which is classified as a commercial loan investment as of December 31, 2022 (in thousands). ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Description | ​ |  | Interest Rate | ​ |  | Final Maturity Date | ​ |  | Periodic Payment Terms | ​ | Prior Liens | ​ | Face Amount of Mortgages | ​ | Carrying Amounts of Mortgages (2) | ​ | Principal Amount of Loans Subject to Delinquent Principal or Interest
Mortgage Note – 4311 Maple Avenue – Dallas, TX | ​ | ​ | 7.50% | ​ | ​ | April 2023 | ​ | ​ | Monthly Interest Payments | ​ | $ | — | ​ | $ | 400 | ​ | $ | 395 | ​ | $ | —
Construction Loan – The Exchange At Gwinnett – Buford, GA | ​ | ​ | 7.25% | ​ | ​ | January 2024 | ​ | ​ | Monthly Interest Payments | ​ | ​ | — | ​ | ​ | 220 | ​ | ​ | 173 | ​ | ​ | —
Preferred Investment - Watters Creek – Allen, TX | ​ | ​ | 8.50% | ​ | ​ | April 2025 | ​ | ​ | Monthly Interest Payments | ​ | ​ | — | ​ | ​ | 30,000 | ​ | ​ | 29,887 | ​ | ​ | —
Improvement Loan - Ashford Lane – Atlanta, GA | ​ | ​ | 12.00% | ​ | ​ | April 2025 | ​ | ​ | Monthly Interest Payments | ​ | ​ | — | ​ | ​ | 1,453 | ​ | ​ | 1,453 | ​ | ​ | —
Totals | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | — | ​ | $ | 32,073 | ​ | $ | 31,908 | ​ | $ | —
​ The following represents the activity within the Company’s commercial loans and investments segment for the years ended December 31, 2022, 2021, and 2020 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2022 | ​ | 2021 | ​ | 2020
Balance at Beginning of Year | ​ | $ | 39,095 | ​ | $ | 38,320 | ​ | $ | 34,625
Additions During the Year: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
New Mortgage Loans | ​ | ​ | 53,282 | ​ | ​ | 364 | ​ | ​ | 28,360
Collection of Origination Fees | ​ | ​ | 87 | ​ | ​ | — | ​ | ​ | (125)
Accretion of Origination Fees (1) | ​ | ​ | 174 | ​ | ​ | 2 | ​ | ​ | 161
Gain on Sale of Loans | ​ | ​ | 807 | ​ | ​ | — | ​ | ​ | —
Imputed Interest Over Rent Payments on Ground Lease Loan | ​ | ​ | 97 | ​ | ​ | 409 | ​ | ​ | 399
Deductions During the Year: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Collection of Principal | ​ | ​ | (61,634) | ​ | ​ | — | ​ | ​ | (23,132)
Impairment / CECL Reserve | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (1,968)
Balance at End of Year | ​ | $ | 31,908 | ​ | $ | 39,095 | ​ | $ | 38,320
(1) | Non-cash accretion of loan origination fees.
(2) | The aggregate carrying amount of mortgages for Federal income tax purposes at December 31, 2022 totaled $31.9 million.

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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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