Loan Receivable (Tables)

12 Months Ended

Dec. 31, 2018

Receivables [Abstract]

Summary of Loan Receivable

The loan receivable at December 31, 2017 was as follows (in thousands):

Description	Loan Position		Stated Interest Rate at December 31, 2017 (1)			Carrying Amount (2)				Contratual Maturity Date
						December 31, 2018		December 31, 2017
Jacksonville (3)		Whole Loan		LIBOR + 5	%	$	—	$	8,400		07/01/19
						$	—	$	8,400

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

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

(3) The loan had 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, 2018			Year Ended December 31, 2017
Balance at beginning of year	$	8,400		$	8,400
Purchase and advances		—			—
Interest received, net		—			—
Repayments/sale proceeds		(8,097	)		—
Change in liquidation value		(303	)		—
Balance at end of year	$	—		$	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 (in thousands, except for number of loans):

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