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SCHEDULE IV MORTGAGE LOANS
 12 Months Ended
Dec. 31, 2015
Mortgage Loans on Real Estate [Abstract]  
MORTGAGE LOANS

SCHEDULE IV

 

AMERICAN REALTY INVESTORS, INC.

MORTGAGE LOANS

December 31, 2015

                             
Description   Interest
Rate		   Final
Maturity
Date		   Periodic Payment Terms   Prior Liens   Face Amount
of Mortgage		   Carrying
Amount of
Mortgage		   Principal or
Loans Subject
to Delinquent
Principal or
Interest
                (dollars in thousands)    
                           
Christine Tunney   10.00%   09/17   Interest only paid quarterly.   —   49   48   —
Class A limited partnership interests in Edina Park Plaza Associates, L.P.                            
Compton Partners   10.00%   09/17   Interest only paid quarterly.   —   289   289   —
Class A limited partnership interests in Edina Park Plaza Associates, L.P.                            
David Monier   10.00%   09/17   Interest only paid quarterly.   —   97   97   —
Class A limited partnership interests in Edina Park Plaza Associates, L.P.                            
Earl Samson III   10.00%   09/17   Interest only paid quarterly.   —   96   96   —
Class A limited partnership interests in Edina Park Plaza Associates, L.P.                            
Edward Samson III   10.00%   09/17   Interest only paid quarterly.   —   96   96   —
Class A limited partnership interests in Edina Park Plaza Associates, L.P.                            
H198, LLC   12.00%   01/20           5,907   5,907    
Las Vegas Land                            
Hammon Operating Corporation   10.00%   09/17   Interest only paid quarterly.   —   193   193   —
Class A limited partnership interests in Edina Park Plaza Associates, L.P.                            
Harold Wolfe   10.00%   09/17   Interest only paid quarterly.   —   193   193   —
Class A limited partnership interests in Edina Park Plaza Associates, L.P.                            
Herrick Partners   10.00%   09/17   Interest only paid quarterly.   —   91   91   —
Class A limited partnership interests in Edina Park Plaza Associates, L.P.                            
Mary Anna MacLean   10.00%   09/17   Interest only paid quarterly.   —   193   193   —
Class A limited partnership interests in Edina Park Plaza Associates, L.P.                            
Michael Monier   10.00%   09/17   Interest only paid quarterly.   —   304   304   —
Class A limited partnership interests in Edina Park Plaza Associates, L.P.                            
Michale Witte   10.00%   09/17   Interest only paid quarterly.   —   96   96   —
Class A limited partnership interests in Edina Park Plaza Associates, L.P.                            
Palmer Brown Madden   10.00%   09/17   Interest only paid quarterly.   —   96   96   —
Class A limited partnership interests in Edina Park Plaza Associates, L.P.                            
Richard Schmaltz   10.00%   09/17   Interest only paid quarterly.   —   203   203   —
Class A limited partnership interests in Edina Park Plaza Associates, L.P.                            
Robert Baylis   10.00%   09/17   Interest only paid quarterly.   —   193   193   —
Class A limited partnership interests in Edina Park Plaza Associates, L.P.                            
Sherman Bull   10.00%   09/17   Interest only paid quarterly.   —   193   193   —
Class A limited partnership interests in Edina Park Plaza Associates, L.P.                            
Unified Housing Foundation, Inc. (Cliffs of El Dorado/UH of McKinney,LLC)   12.00%   12/32   Excess cash flow   12,663   2,469   2,097   —
100% Interest in UH of Mckinney, LLC                            
Unified Housing Foundation, Inc. (Echo Station)   12.00%   12/32   Excess cash flow   9,719   1,809   1,481   —
100% Interest in UH of Temple, LLC                            

  

SCHEDULE IV

(Continued)

 

AMERICAN REALTY INVESTORS, INC.

MORTGAGE LOANS 

December 31, 2015

                             
Description   Interest
Rate		   Final
Maturity
Date		   Periodic Payment Terms   Prior Liens   Face Amount
of Mortgage		   Carrying
Amount of
Mortgage		   Principal or
Loans Subject
to Delinquent
Principal or
Interest
                (dollars in thousands)    
Unified Housing Foundation, Inc. (Inwood on the Park/UH of Inwood,LLC)   12.00%   12/32   Excess cash flow   22,227   5,462   5,059   —
100% Interest in UH of Inwood, LLC                            
Unified Housing Foundation, Inc. (Kensington Park/UH of Kensington,LLC)   12.00%   12/32   Excess cash flow   18,723   4,310   3,933   —
100% Interest in UH of Kensington, LLC                            
Unified Housing Foundation, Inc. (Lakeshore Villas/HFS of Humble,LLC)   12.00%   12/32   Excess cash flow   15,756   8,836   6,368   —
Interest in Unified Housing Foundation Inc.                            
Unified Housing Foundation, Inc. (Lakeshore Villas/HFS of Humble,LLC)   12.00%   12/32   Excess cash flow   15,965   2,959   2,732   —
100% Interest in HFS of Humble, LLC                            
Unified Housing Foundation, Inc. (Limestone Canyon)   12.00%   12/32   Excess cash flow   13,621   9,216   7,293   —
100% Interest in UH of Austin, LLC                            
Unified Housing Foundation, Inc. (Limestone Ranch)   12.00%   12/32   Excess cash flow   18,641   12,335   7,953   —
100% Interest in UH of Vista Ridge, LLC                            
Unified Housing Foundation, Inc. (Parkside Crossing)   12.00%   12/32   Excess cash flow   11,544   2,772   2,272   —
100% Interest in UH of Parkside Crossing, LLC                            
Unified Housing Foundation, Inc. (Reserve at White Rock I)   12.00%   12/32   Excess cash flow   15,640   2,794   2,485   —
100% Interest in UH of Harvest Hill I, LLC                            
Unified Housing Foundation, Inc. (Reserve at White Rock II)   12.00%   12/32   Excess cash flow   14,026   2,843   2,555   —
100% Interest in UH of Harvest Hill, LLC                            
Unified Housing Foundation, Inc. (Sendero Ridge)   12.00%   12/32   Excess cash flow   22,984   12,663   9,303   —
100% Interest in UH of Sendero Ridge, LLC                            
Unified Housing Foundation, Inc. (Timbers of Terrell)   12.00%   12/32   Excess cash flow   7,294   1,702   1,323   —
100% Interest in UH of Terrell, LLC                            
Unified Housing Foundation, Inc. (Tivoli)   12.00%   12/32   Excess cash flow   10,398   12,761   7,966   —
100% Interest in UH of Tivoli, LLC                            
Unified Housing Foundation, Inc. (Trails at White Rock)   12.00%   12/32   Excess cash flow   21,712   4,245   3,815   —
100% Interest in UH of Harvest Hill III, LLC                            
William H. Ingram   10.00%   09/17   Interest only paid quarterly.   —   96   96   —
Class A limited partnership interests in Edina Park Plaza Associates, L.P.                            
William S. Urkiel   10.00%   09/17   Interest only paid quarterly.   —   97   97   —
Class A limited partnership interests in Edina Park Plaza Associates, L.P.                           —
Willingham Revocable Trust   10.00%   09/17   Interest only paid quarterly.   —   96   96   —
                             
Class A limited partnership interests in Edina Park Plaza Associates, L.P.                            
Various related party notes   various   various   Excess cash flow       1,349   1,349    
Various non-related party notes   various   various       —   496   496   —

  

SCHEDULE IV

(Continued)

 

AMERICAN REALTY INVESTORS, INC.

MORTGAGE LOANS 

December 31, 2015

                               
Description   Interest
Rate		   Final
Maturity
Date		   Periodic Payment Terms   Prior Liens   Face Amount
of Mortgage		   Carrying
Amount of
Mortgage		   Principal or
Loans Subject
to Delinquent
Principal or
Interest
                (dollars in thousands)    
                            —
Leman Development, Ltd. (1)   0.00%   N/A       —   1,500     1,500   —
One Realco Corporation (1)   3.00%   01/17   Interest and principal due at maturity.   —   10,000     7,000   —
Realty Advisors Management, Inc.   2.28%   12/16   Interest only paid quarterly.   —   20,387     20,387   —
Unified Housing Foundation, Inc. (Lakeshore Villas/HFS of Humble,LLC)   12.00%   12/32   Excess cash flow   15,965   2,189     2,000   —
Unified Housing Foundation, Inc.   12.00%   12/15   Excess cash flow       2,665     2,665   —
Unified Housing Foundation, Inc.   12.00%   12/16   Excess cash flow       3,657     3,657   —
Unified Housing Foundation, Inc.   12.00%   12/17   Excess cash flow       1,207     1,207   —
Unified Housing Foundation, Inc.   12.00%   06/17   Excess cash flow       1,261     1,261   —
Unified Housing Foundation, Inc.   12.00%   12/18   Excess cash flow       3,994     3,994    
Unified Housing Foundation, Inc.   12.00%   12/18   Excess cash flow       6,407     6,407    
Various related party notes   various   various   Excess cash flow   —   1,420     1,420   —
Various non-related party notes   various   various           503     503    
                        $ 129,059    
                Accrued interest     8,221    
                Allowance for estimated losses     (17,037 )   
                        $ 120,243    

 

(1) Fully reserved

 

SCHEDULE IV

(Continued)

 

AMERICAN REALTY INVESTORS, INC.

MORTGAGE LOANS

As of December 31,

                         
    2015     2014     2013  
    (dollars in thousands)  
                         
Balance at January 1,   $ 152,645     $ 156,415     $ 125,173  
Additions                        
New mortgage loans     18,055       32,380       —  
Funding of existing loans     —       —       22,445  
Increase (decrease) of interest receivable on mortgage loans     11,130       (10,097 )     13,267  
Deductions                        
Amounts received     (16,486 )     (25,492 )     (3,327 )
Non-cash reductions     (28,064 )     (561 )     (1,143 )
                         
Balance at December 31,   $ 137,280     $ 152,645     $ 156,415