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SCHEDULE IV MORTGAGE LOANS RECEIVABLE ON REAL ESTATE | 12 Months Ended
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Dec. 31, 2019
Schedule Iv Mortgage Loans Receivable On Real Estate |
MORTGAGE LOANS RECEIVABLE ON REAL ESTATE | SCHEDULE IV MORTGAGE LOANS RECEIVABLE December 31, 2019
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) |
Prospectus Endeavors 4, LLC |  | 12.00% |  | Jan-23 |  | Excess cash flow |  |  | — |  |  |  | 5,907 |  |  |  | 5,907 |  |  |  | — |
Prospectus Endeavors 6, LLC |  | 12.00% |  | Oct-22 |  | Excess cash flow |  |  | — |  |  |  | 496 |  |  |  | 496 |  |  |  | — |
Oulan-Chikh Family Trust |  | 8.00% |  | Mar-21 |  | Excess cash flow |  |  | — |  |  |  | 174 |  |  |  | 174 |  |  |  | — |
H198, LLC |  | 6.00% |  | Sep-20 |  | Excess cash flow |  |  | — |  |  |  | 4,554 |  |  |  | 4,554 |  |  |  | — |
RAI PFBL 2018 Purch Fee Note Weatherford |  | 12.00% |  | Dec-21 |  | Excess cash flow |  |  | — |  |  |  | — |  |  |  | 525 |  |  |  | — |
Forest Pines |  | 5.00% |  | Nov-20 |  | Excess cash flow |  |  | — |  |  |  | — |  |  |  | 2,868 |  |  |  | — |
Spyglass Apartments of Ennis, LP |  | 5.00% |  | Nov-20 |  | Excess cash flow |  |  | — |  |  |  | 5,083 |  |  |  | 5,288 |  |  |  | — |
Bellwether Ridge |  | 5.00% |  | May-20 |  | Excess cash flow |  |  | — |  |  |  | 3,429 |  |  |  | 3,765 |  |  |  | — |
Parc at Windmill Farms |  | 5.00% |  | May-20 |  | Excess cash flow |  |  | — |  |  |  | 6,066 |  |  |  | 7,602 |  |  |  | — |
Unified Housing Foundation, Inc. (Echo Station) |  | 12.00% |  | Dec-32 |  | Excess cash flow |  |  | 9,719 |  |  |  | 2,794 |  |  |  | 1,481 |  |  |  | — |
100% Interest in UH of Temple, LLC |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | — |
Unified Housing Foundation, Inc. (Inwood on the Park/UH of Inwood, LLC) |  | 12.00% |  | Dec-32 |  | Excess cash flow |  |  | 22,227 |  |  |  | 5,462 |  |  |  | 3,639 |  |  |  | — |
100% Interest in UH of Inwood, LLC |  |  |  |  |  | Excess cash flow |  |  |  |  |  |  |  |  |  |  |  |  |  |  | — |
Unified Housing Foundation, Inc. (Kensington Park/UH of Kensington, LLC) |  | 12.00% |  | Dec-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% |  | Dec-32 |  | Excess cash flow |  |  | 15,965 |  |  |  | 2,959 |  |  |  | 2,000 |  |  |  | — |
100% Interest in HFS of Humble, LLC |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | — |
Unified Housing Foundation, Inc. (Lakeshore Villas/HFS of Humble, LLC) (31.5% of cash flow) |  | 12.00% |  | Dec-32 |  | Excess cash flow |  |  | 15,756 |  |  |  | 8,836 |  |  |  | 6,369 |  |  |  | — |
Interest in Unified Housing Foundation Inc. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | — |
Unified Housing Foundation, Inc. (Lakeshore Villas/HFS of Humble, LLC) (68.5% of cash flow) |  | 12.00% |  | Dec-32 |  | Excess cash flow |  |  | 15,965 |  |  |  | 2,959 |  |  |  | 2,732 |  |  |  | — |
Unified Housing Foundation, Inc. (Limestone Ranch/UH of Vista Ridge,LLC) |  | 12.00% |  | Dec-32 |  | Excess cash flow |  |  | — |  |  |  | — |  |  |  | 1,953 |  |  |  | — |
Unified Housing Foundation, Inc. (Limestone Ranch/UH of Vista Ridge,LLC) |  | 12.00% |  | Dec-32 |  | Excess cash flow |  |  | — |  |  |  | — |  |  |  | 2,000 |  |  |  | — |
Unified Housing Foundation, Inc. (Limestone Ranch/UH of Vista Ridge,LLC) |  | 12.00% |  | Dec-32 |  | Excess cash flow |  |  | — |  |  |  | — |  |  |  | 4,000 |  |  |  | — |
Unified Housing Foundation, Inc. (Timbers of Terrell) |  | 12.00% |  | Dec-32 |  | Excess cash flow |  |  | 7,294 |  |  |  | 1,702 |  |  |  | 1,323 |  |  |  | — |
100% Interest in UH of Terrell, LLC |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | — |
Unified Housing Foundation, Inc. (Trails at White Rock) |  | 12.00% |  | Dec-32 |  | Excess cash flow |  |  | 21,712 |  |  |  | 3,815 |  |  |  | 3,815 |  |  |  | — |
100% Interest in UH of Harvest Hill III, LLC |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | — |
Unified Housing Foundation, Inc (2015 Advisory Fee) |  | 12.00% |  | Dec-21 |  | Excess cash flow |  |  | — |  |  |  | — |  |  |  | 3,994 |  |  |  | — |
Unified Housing Foundation, Inc (2008-2014 Advisory Fee) |  | 12.00% |  | Dec-21 |  | Excess cash flow |  |  | — |  |  |  | — |  |  |  | 6,407 |  |  |  | — |
Unified Housing Foundation, Inc (2018 Advisory Fee) |  | 12.00% |  | Jun-20 |  | Excess cash flow |  |  | — |  |  |  | — |  |  |  | 5,314 |  |  |  | — |
Unified Housing Foundation, Inc |  | 12.00% |  | Mar-22 |  | Excess cash flow |  |  | — |  |  |  | — |  |  |  | 4,782 |  |  |  | — |
RAI UHF 2019 Advisory Fee Note |  |  |  |  |  | Excess cash flow |  |  | — |  |  |  | — |  |  |  |  |  |  |  | — |
Unified Housing Foundation, Inc |  | 12.00% |  | Jul-21 |  | Excess cash flow |  |  | — |  |  |  | — |  |  |  | 838 |  |  |  | — |
2018 Refin Fee (Lakeshore Villas) |  |  |  |  |  | Excess cash flow |  |  |  |  |  |  |  |  |  |  |  |  |  |  | — |
Unified Housing Foundation, Inc |  | 12.00% |  | Jul-21 |  | Excess cash flow |  |  | — |  |  |  | — |  |  |  | 773 |  |  |  | — |
2018 Refin Fee (Limestone Ranch) |  |  |  |  |  | Excess cash flow |  |  |  |  |  |  |  |  |  |  |  |  |  |  | — |
Unified Housing Foundation, Inc |  | 12.00% |  | Jul-21 |  | Excess cash flow |  |  | — |  |  |  | — |  |  |  | 839 |  |  |  | — |
2018 Refin Fee (Marquis @ Vista Ridge) |  |  |  |  |  | Excess cash flow |  |  |  |  |  |  |  |  |  |  |  |  |  |  | — |
Unified Housing Foundation, Inc |  | 12.00% |  | Jul-21 |  | Excess cash flow |  |  | — |  |  |  | — |  |  |  | 432 |  |  |  | — |
2018 Refin Fee (Timbers at the Park) |  |  |  |  |  | Excess cash flow |  |  |  |  |  |  |  |  |  |  |  |  |  |  | — |
Unified Housing Foundation, Inc |  | 12.00% |  | Jul-21 |  | Excess cash flow |  |  | — |  |  |  | — |  |  |  | 913 |  |  |  | — |
2018 Refin Fee (Trails @ White Rock) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | — |
Unified Housing Foundation, Inc |  | 12.00% |  | Aug-21 |  | Excess cash flow |  |  | — |  |  |  | — |  |  |  | 212 |  |  |  | — |
2018 Refin Fee (Bella Vista) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | — |
Unified Housing Foundation, Inc |  | 12.00% |  | Oct-21 |  | Excess cash flow |  |  | — |  |  |  | — |  |  |  | 1,980 |  |  |  | — |
2017 Fees on Sale LSC/SR/PKCR |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | — |
Unified Housing Foundation, Inc |  | 12.00% |  | Oct-21 |  | Excess cash flow |  |  | — |  |  |  | — |  |  |  | 4,851 |  |  |  | — |
2017 Fees on Profit LSC/SR/PKCR |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | — |
Unified Housing Foundation, Inc. (Walnut Park Crossing) |  | 12.00% |  | Dec-32 |  | Excess cash flow |  |  | — |  |  |  | 340 |  |  |  | 369 |  |  |  | — |
Unified Housing Foundation, Inc. (Terraces of Marine Creek/Blue Lake at Marine Creek) |  | 12.00% |  | Dec-32 |  | Excess cash flow |  |  | — |  |  |  | 140 |  |  |  | 128 |  |  |  | — |
Realty Advisors Management, Inc. |  | 2.28% |  | Dec-22 |  | Interest only paid quarterly. |  |  | — |  |  |  | 20,387 |  |  |  | 20,387 |  |  |  | — |
One Realco Corporation (1) |  | 3.00% |  | Jan-20 |  | Excess cash flow |  |  | — |  |  |  | 10,000 |  |  |  | 7,000 |  |  |  | — |
Various related party notes |  | Various |  | Various |  | Excess cash flow |  |  | — |  |  |  | — |  |  |  | 3,553 |  |  |  | — |
Various non-related party notes |  | Various |  | Various |  | Excess cash flow |  |  | — |  |  |  | — |  |  |  | 28,989 |  |  |  | — |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 156,185 |  |  |  |  |
|  |  |  |  |  |  |  | Accrued interest |  |  |  | 13,114 |  |  |  |  |
|  |  |  |  |  |  |  | Allowance for estimated losses |  |  |  | (13,099 | ) |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 156,200 |  |  |  |  |
(1) Fully reserved MORTGAGE LOANS As of December 31,
|  | 2019 |  |  | 2018 |  |  | 2017 |
|  | (dollars in thousands) |
Balance at January 1, |  | $ | 126,058 |  |  | $ | 127,865 |  |  | $ | 143,601 |
Additions |  |  |  |  |  |  |  |  |  |  |  |
New mortgage loans |  |  | 49,671 |  |  |  | 13,123 |  |  |  | 15,741 |
Increase (decrease) of interest receivable on mortgage loans |  |  | 12,429 |  |  |  | (6,388 | ) |  |  | 581 |
Deductions |  |  |  |  |  |  |  |  |  |  |  |
Amounts received |  |  | (30,245 | ) |  |  | (8,541 | ) |  |  | (32,058 | )
Non-cash reductions |  |  | (1,713 | ) |  |  | — |  |  |  | — |
Balance at December 31, |  | $ | 156,200 |  |  | $ | 126,058 |  |  | $ | 127,865 |

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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 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=6589523&loc=d3e617274-123014 + Details
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