|
Final Maturity Date |
Number of Loans |
Payment Terms | Principal Amount |
Carrying Amount |
||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| |
|
|
(in thousands) |
|||||||||
| 2016 | 4 | (1) | aggregate monthly interest-only payments of $0.5 million, accrues interest at 8.5% and secured by four senior housing facilities located in Tennessee, Maryland, Pennsylvania and Texas | 70,615 | 77,094 | |||||||
2016 |
1 |
monthly interest-only payments of $0.2 million, accrues interest at 6.4%, and secured by five senior housing facilities located in Arizona, Minnesota and Texas |
30,220 |
30,220 |
||||||||
2017 |
2 |
(1) |
aggregate monthly interest-only payments of $0.2 million, accrues interest at 8.25%, and secured by two senior housing facilities in New Jersey and Pennsylvania |
33,045 |
34,395 |
|||||||
2018 |
1 |
(1) |
monthly interest-only payments of $37,000, accrues interest at 8.00% and secured by a senior housing facility located in Pennsylvania |
5,799 |
5,960 |
|||||||
| 8 | $ | 139,679 | $ | 147,669 | ||||||||
The following table summarizes the Company's loans receivable (in thousands):
| |
December 31, | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| |
2013 | 2012 | |||||||||||||||||
| |
Real Estate Secured |
Other Secured |
Total | Real Estate Secured |
Other Secured |
Total | |||||||||||||
|
Mezzanine |
$ | — | $ | 234,455 | $ | 234,455 | $ | — | $ | 145,150 | $ | 145,150 | |||||||
|
Other |
147,669 | — | 147,669 | 147,264 | — | 147,264 | |||||||||||||
|
Unamortized discounts, fees and costs |
— | (2,713 | ) | (2,713 | ) | — | (2,974 | ) | (2,974 | ) | |||||||||
|
Allowance for loan losses |
— | (13,410 | ) | (13,410 | ) | — | (13,410 | ) | (13,410 | ) | |||||||||
|
|
$ | 147,669 | $ | 218,332 | $ | 366,001 | $ | 147,264 | $ | 128,766 | $ | 276,030 | |||||||