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NOTES AND INTEREST RECEIVABLE FROM RELATED PARTIES (Tables)
 6 Months Ended
Jun. 30, 2021
Receivables [Abstract]  
Below is a summary of notes and interest receivable from related parties

 

At June 30, 2021, we had mortgage loans and accrued interest receivable from related parties, net of allowances, totaling $11.8 million. As of June 30, 2021, we recognized interest income of $664 thousand related to these notes receivable. Below is a summary of notes and interest receivable from related parties (dollars in thousands):

 

   Maturity     Interest             
Borrower  Date   Rate     Amount     Collateral 
Performing loans:                   
Unified Housing Foundation, Inc. (Echo Station)  12/32   12.00%  $1,481    Secured 
Unified Housing Foundation, Inc. (Lakeshore Villas)  12/32   12.00%  $2,000    Secured 
Unified Housing Foundation, Inc. (Lakeshore Villas)  12/32   12.00%  $6,369    Secured 
Unified Housing Foundation, Inc. (Timbers of Terrell)  12/32   12.00%  $1,323    Secured 
Total Notes Receivable            11,173      
Accrued interest            664      
Total Performing           $11,837