Schedule IV - Mortgage Loans on Commercial Real Estate

12 Months Ended

Dec. 31, 2019

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]

Schedule IV - Mortgage Loans on Commercial Real Estate

December 31, 2019
Schedule IV - Mortgage Loans on Commercial Real Estate
Description	Location	Prior Liens (1)		Face Amount		Carrying Amount		Interest Rate (2)	LIBOR Floor	Payment Terms	Maturity Date (3)
Mezzanine debt investments	(dollars in thousands)
Retail	MA	$	62,053	$	10,000	$	10,000	10.14%	N/A	Interest Only	9/6/2023
Office	LA	60,989		8,700		8,700		10.75%	N/A	Interest Only	10/1/2023
Mixed Use	OH	126,577		36,603		30,900		9.50%	N/A	Interest Only	12/1/2023
Office	TX	50,420		7,000		—		10.10%	N/A	Interest Only	12/1/2024
Office	CA	104,682		23,013		23,013		LIBOR+5.79%	N/A	Interest Only	1/2/2021
Office	CA	104,682		10,281		10,281		LIBOR+6.54%	N/A	Interest Only	1/2/2021
Hotel	LA	95,588		14,706		14,706		LIBOR+9.50%	N/A	Interest Only	9/9/2020
Retail	CO	—		470		470		LIBOR+5.00%	0.50%	Interest Only	10/8/2020
Office	FL	—		18,363		18,301		LIBOR+3.30%	0.50%	Interest Only	5/9/2021
Retail	DC	—		17,100		17,100		LIBOR+7.73%	0.50%	Interest Only	1/9/2020
Office	TX	—		19,136		18,992		LIBOR+3.75%	1.25%	Interest Only	8/9/2022
Office	TX	—		15,000		14,892		LIBOR+3.45%	2.25%	Interest Only	3/5/2022
Retail	NC	—		2,692		2,668		LIBOR+3.40%	2.25%	Interest Only	3/9/2022
First mortgages
Office	NJ	$	—	$	64,390	$	64,390	LIBOR+4.50%	0.25%	Interest Only	2/7/2020
Office	VA	—		33,498		33,284		LIBOR+4.00%	1.25%	Interest Only	4/9/2021
Office	VA	—		43,100		42,873		LIBOR+2.80%	1.90%	Interest Only	8/9/2021
Industrial	TN	—		21,250		21,132		LIBOR+3.00%	2.00%	Interest Only	9/1/2021
Office	CO	—		1,868		1,901		LIBOR+3.60%	1.00%	Interest Only	8/9/2020
Retail	TN	—		85		89		LIBOR+4.50%	1.20%	Interest Only	11/6/2020
Office	CA	—		417		422		LIBOR+3.25%	1.00%	Interest Only	5/9/2022
Office	TX	—		65,081		64,673		LIBOR+3.75%	1.25%	Interest Only	8/9/2022
Hotel	TX	—		1,288		1,305		LIBOR+3.75%	2.00%	Interest Only	10/9/2020
Office	CA	—		2,320		2,320		LIBOR+3.50%	2.00%	Interest Only	11/9/2020
Multifamily	TX	—		70		70		LIBOR+2.90%	2.25%	Interest Only	2/1/2022
Retail	TX	—		12,000		11,913		LIBOR+3.45%	2.25%	Interest Only	3/5/2022
Retail	NC	—		9,390		9,319		LIBOR+3.40%	2.25%	Interest Only	3/9/2022
Multifamily	CA	—		350		350		LIBOR+3.00%	2.40%	Interest Only	5/5/2022
Office	MD	—		16,100		15,805		LIBOR+4.60%	2.30%	Interest Only	9/1/2022
Retail	CA	—		65,366		64,775		LIBOR+3.40%	2.06%	Interest Only	3/5/2022
Healthcare	WA	—		19,044		18,874		LIBOR+3.40%	1.75%	Interest Only	10/1/2021
Retail	DE	—		31,469		31,180		LIBOR+2.90%	1.75%	Interest Only	11/8/2021
Industrial	AZ	—		14,300		14,041		LIBOR+3.50%	1.60%	Interest Only	12/9/2022
Industrial	NC	—		47,813		47,268		LIBOR+2.85%	1.85%	Interest Only	12/9/2022
Multifamily	NY	—		54,300		53,706		LIBOR+3.25%	1.75%	Interest Only	1/9/2023
				$	686,563	$	669,713

⁽¹⁾ Represents third-party priority liens.

⁽²⁾ LIBOR represents the one month London Interbank Offer Rate.

⁽³⁾

Assumes all extension options are exercised.