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SCHEDULE IV MORTGAGE LOANS RECEIVABLE
 12 Months Ended
Dec. 31, 2018
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]  
MORTGAGE LOANS RECEIVABLE

SCHEDULE IV
 
TRANSCONTINENTAL REALTY INVESTORS, INC.
MORTGAGE LOANS RECEIVABLE
December 31, 2018

 

Description   Interest
Rate 		  Final Maturity
Date 		  Periodic Payment Terms   Prior
Liens 		    Face Amount of
Mortgage 		    Carrying Amount of Mortgage     Principal or Loans
Subject to Delinquent
Principal or Interest 		 
                (dollars in thousands)        
                                     
H198, LLC   12.00%   Jan-19   Excess cash flow   $ —     $ 5,907     $ 5,907       —  
Las Vegas Land                                            
H198, LLC   12.00%   Oct-19   Excess cash flow     —       496       496       —  
Legacy at Pleasant Grove                 —                          
H198, LLC   12.00%   Oct-19   Excess cash flow     —       4,554       4,554       —  
McKinney Ranch Land   6%   Sep-20         —                          
Forest Pines   5%   Sep-19   Excess cash flow     —       2,223       2,223          
Spyglass Apartments of Ennis, LP   5%   Nov-19   Excess cash flow     —       5,083       5,083          
Bellwether Ridge   5%   May-20   Excess cash flow     —       3,429       3,429          
Parc at Windmill Farms   5%   May-20   Excess cash flow     —       6,066       6,067          
Unified Housing Foundation, Inc. (Echo Station)   12.00%   Dec-32   Excess cash flow     9,719       1,809       1,481       —  
100% Interest in UH of Temple, LLC                                            
Unified Housing Foundation, Inc. (Lakeshore Villas/HFS of Humble, LLC) (31.5% of cash flow)   12.00%   Dec-32   Excess cash flow     15,756       8,836       6,369       —  
Interest in Unified Housing Foundation Inc.                                            
Unified Housing Foundation, Inc. (Limestone Ranch)   12.00%   Dec-32   Excess cash flow     18,641       12,335       7,953       —  
100% Interest in UH of Vista Ridge, LLC                                            
Unified Housing Foundation, Inc. (Timbers of Terrell)   12.00%   Dec-32   Excess cash flow     7,294       1,702       1,323       —  
100% Interest in UH of Terrell, LLC                                            
Unified Housing Foundation, Inc. (Tivoli)   12.00%   Dec-32   Excess cash flow     10,398       10,742       6,140       —  
100% Interest in UH of Tivoli, LLC                                            
Oulan-Chikh Family Trust   8.00%   21-Mar         —       174       174       —  
Unified Housing Foundation, Inc. (Lakeshore Villas/HFS of Humble, LLC) (68.5% of cash flow)   12.00%   Dec-32   Excess cash flow     15,965       2,189       2,000       —  
Unified Housing Foundation, Inc (2015 Advisory Fee)   12.00%   Dec-19   Excess cash flow     —       3,994       3,994       —  
Unified Housing Foundation, Inc (2008-2014 Advisory Fee)   12.00%   Dec-19   Excess cash flow     —       6,407       6,407       —  
Unified Housing Foundation, Inc (2017 Advisory Fee)   12.00%   Jun-19   Excess cash flow     —       5,760       5,760       —  
Unified Housing Foundation, Inc (2018 Advisory Fee)   12.00%   Jun-21   Excess cash flow     —       5,314       5,314          
Various related party notes   various   various   Excess cash flow     —       2,890       2,890       —  
Various non-related party notes   various   various         —       1,031       1,031       —  
                                $ 78,595          
                 Accrued interest       6,771          
                 Allowance for estimated losses       (1,825 )        
                                $ 83,541          

 

 

TRANSCONTINENTAL REALTY INVESTORS, INC.
MORTGAGE LOANS RECEIVABLE
As of December 31,

 

    2018     2017     2016  
    (dollars in thousands)  
Balance at January 1,   $ 70,166     $ 81,133     $ 71,376  
Additions                        
New mortgage loans     13,123       16,422       11,703  
Increase (decrease) of interest receivable on mortgage loans     6,329       668       9,878  
Deductions                        
Amounts received     (6,077 )     (26,230 )     (11,824 )
Non-cash reduction     —        (1,827 )     —  
Balance at December 31,   $ 83,541     $ 70,166     $ 81,133