Loan Receivable (Tables)

12 Months Ended

Dec. 31, 2017

Receivables [Abstract]

Summary of Loan Receivable

Loan receivable at December 31, 2017 and 2016 are as follows (in thousands):

			Stated Interest Rate at December 31, 2016 (1)			Carrying Amount (2)				Contratual Maturity Date
Description	Loan Position					December 31, 2017		December 31, 2016
Jacksonville (3)		Whole Loan		LIBOR + 5	%	$	8,400	$	8,400		07/01/19
						$	8,400	$	8,400

(1) The one-month LIBOR rate at December 31, 2017 was 1.56425%. The one-month LIBOR rate at December 31, 2016 was 0.77167%.

(2) The carrying amount represents the estimated amount expected to be collected on disposition of the loan plus contractual interest receivable.

(3) The loan has an interest rate floor of 6% and an interest rate ceiling of 8%.

Activity Related to Loans Receivable

Activity related to loans receivable is as follows (in thousands):

	Year Ended December 31, 2017		Year Ended December 31, 2016
Balance at beginning of year	$	8,400	$	5,280
Purchase and advances		—		9,035
Interest received, net		—		(28	)
Repayments/sale proceeds		—		(5,987	)
Change in liquidation value		—		100
Balance at end of year	$	8,400	$	8,400

Loan Receivable by Internal Credit Rating

The table below summarizes the Liquidating Trust’s loan receivable by internal credit rating at December 31, 2017 and 2016 (in thousands, except for number of loans):

	December 31, 2017				December 31, 2016
Internal Credit Quality	Number of Loans		Liquidation Value of Loans Receivable		Number of Loans		Liquidation Value of Loans Receivable
Greater than zero		1	$	8,400		1	$	8,400
Equal to zero		—		—		—		—
Less than zero		—		—		—		—
		1	$	8,400		1	$	8,400