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NOTES AND INTEREST RECEIVABLE (Tables)

3 Months Ended

Mar. 31, 2015

SCHEDULE OF NOTES AND INTEREST RECEIVABLE

SCHEDULE OF NOTES AND INTEREST RECEIVABLE

Mortgage notes receivable consist of first, wraparound and junior mortgage loans (dollars in thousands):

Maturity

Interest

Borrower

Date

Rate

Amount

Security

Performing loans:

Foundation for Better Housing, Inc. (Holland Lake) (1)

12/19

12.00%

$ 4,698

Secured

Foundation for Better Housing, Inc. (Holland Lake) (1)

12/17

12.00%

1,674

Secured

Foundation for Better Housing, Inc. (Overlook at Allensville) (1)

11/19

12.00%

2,472

Secured

Foundation for Better Housing, Inc. (Overlook at Allensville) (1)

12/17

12.00%

1,408

Secured

Foundation for Better Housing, Inc. (Preserve at Prairie Pointe) (1)

03/19

12.00%

1,810

Secured

Foundation for Better Housing, Inc. (Preserve at Prairie Pointe) (1)

03/17

12.00%

1,156

Secured

Foundation for Better Housing, Inc. (Vista Ridge) (1)

04/19

12.00%

3,923

Secured

Foundation for Better Housing, Inc. (Vista Ridge) (1)

06/17

12.00%

1,492

Secured

H198, LLC (Las Vegas Land)

01/20

12.00%

5,907

Secured

HGH Residential, Inc. (Tradewinds Dev)

07/19

12.00%

6,131

Secured

One Realco Corporation (1) (2)

01/17

3.00%

7,000

Unsecured

Realty Advisors Management, Inc. (1)

12/16

2.20%

20,387

Unsecured

Unified Housing Foundation, Inc. (Cliffs of El Dorado) (1)

12/32

12.00%

2,097

100% Membership Interest in Unified Housing of McKinney, LLC

Unified Housing Foundation, Inc. (Echo Station) (1)

12/32

12.00%

1,481

100% Membership Interest in Unified Housing of Temple, LLC

Unified Housing Foundation, Inc. (Inwood on the Park) (1)

12/32

12.00%

5,059

100% Membership Interest in Unified Housing Inwood, LLC

Unified Housing Foundation, Inc. (Kensington Park) (1)

12/32

12.00%

3,936

100% Membership Interest in Unified Housing Kensington, LLC

Unified Housing Foundation, Inc. (Lakeshore Villas) (1)

12/32

12.00%

2,000

Secured

Unified Housing Foundation, Inc. (Lakeshore Villas) (1)

12/32

12.00%

9,096

Membership interest in Housing for Seniors of Humble, LLC

Unified Housing Foundation, Inc. (Limestone Canyon) (1)

12/32

12.00%

3,057

100% Membership Interest in Unified Housing of Austin, LLC

Unified Housing Foundation, Inc. (Limestone Canyon) (1)

12/32

12.00%

4,663

100% Membership Interest in Unified Housing of Austin, LLC

Unified Housing Foundation, Inc. (Limestone Ranch) (1)

12/32

12.00%

2,250

100% Membership Interest in Unified Housing of Vista Ridge, LLC

Unified Housing Foundation, Inc. (Limestone Ranch) (1)

12/32

12.00%

6,000

100% Membership Interest in Unified Housing of Vista Ridge, LLC

Unified Housing Foundation, Inc. (Parkside Crossing) (1)

12/32

12.00%

2,272

100% Membership Interest in Unified Housing of Parkside Crossing, LLC

Unified Housing Foundation, Inc. (Reserve at White Rock Phase I) (1)

12/32

12.00%

2,485

100% Membership Interest in Unified Housing of Harvest Hill I, LLC

Unified Housing Foundation, Inc. (Reserve at White Rock Phase II) (1)

12/32

12.00%

2,555

100% Membership Interest in Unified Housing of Harvest Hill, LLC

Unified Housing Foundation, Inc. (Sendero Ridge) (1)

12/32

12.00%

5,174

100% Membership Interest in Unified Housing of Sendero Ridge, LLC

Unified Housing Foundation, Inc. (Sendero Ridge) (1)

12/32

12.00%

4,812

100% Membership Interest in Unified Housing of Sendero Ridge, LLC

Unified Housing Foundation, Inc. (Timbers at the Park) (1)

12/32

12.00%

1,323

100% Membership Interest in Unified Housing of Terrell, LLC

Unified Housing Foundation, Inc. (Tivoli) (1)

12/32

12.00%

7,966

100% Membership Interest in Unified Housing of Tivoli, LLC

Unified Housing Foundation, Inc. (Trails at White Rock) (1)

12/32

12.00%

3,815

100% Membership Interest in Unified Housing of Harvest Hill III, LLC

Unified Housing Foundation, Inc. (1)

06/17

12.00%

1,261

Unsecured

Unified Housing Foundation, Inc. (1)

12/17

12.00%

1,207

Unsecured

Unified Housing Foundation, Inc. (1)

12/15

12.00%

2,665

Unsecured

Unified Housing Foundation, Inc. (1)

12/16

12.00%

3,657

Unsecured

Other related party notes (1)

Various

2,117

Various secured interests

Other related party notes (1)

Various

4,276

Various unsecured interests

Other non-related party notes

Various

3,166

Various secured interests

Other non-related party notes

Various

503

Various unsecured interests

Accrued interest

6,320

Total Performing

$ 153,271

Non-Performing loans:

Leman Development, Ltd (2)

07/11

7.00%

$ 1,500

Unsecured

Tracy Suttles (2)

12/11

0.00%

1,077

Unsecured

Other non-related party notes

Various

507

Various secured interests

Accrued interest

Total Non-Performing

$ 3,171

Allowance for doubtful accounts

(18,279)

Total

$ 138,163

(1) Related party notes

(2) An allowance was taken for estimated losses at full value of note