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Loans Receivable (Tables) - Loans receivable
9 Months Ended
Sep. 30, 2015
Loans Receivable:  
Schedule of loans receivable (in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2015

 

December 31, 2014

 

 

  

Real Estate

  

Other

  

 

 

  

Real Estate

  

Other

  

 

 

 

 

 

Secured

 

Secured

 

Total

 

Secured

 

Secured

 

Total

 

Mezzanine(1) (2) 

 

$

 —

 

$

696,877

 

$

696,877

 

$

 —

 

$

799,064

 

$

799,064

 

Other(2) (3) 

 

 

90,650

 

 

 —

 

 

90,650

 

 

135,363

 

 

 —

 

 

135,363

 

Unamortized discounts, fees and costs(1)

 

 

 —

 

 

(8,524)

 

 

(8,524)

 

 

 —

 

 

(14,056)

 

 

(14,056)

 

Allowance for loan losses

 

 

 —

 

 

(13,410)

 

 

(13,410)

 

 

 —

 

 

(13,410)

 

 

(13,410)

 

 

 

$

90,650

 

$

674,943

 

$

765,593

 

$

135,363

 

$

771,598

 

$

906,961

 


(1)

At September 30, 2015, included £269 million  ($408 million) outstanding and £4 million  ($6 million) of associated unamortized discounts, fees and costs both related to the HC-One Facility.  

(2)

At September 30, 2015, the Company had £40 million  ($60 million) remaining under its commitments to fund development projects and capital expenditures under the HC-One Facility. 

(3)

At September 30, 2015, the Company had $2 million remaining of commitments to fund development projects and capital expenditures under the senior housing development loan program.

Summary of the Company's internal ratings for loans receivable (dollars in thousands)

The following table summarizes the Company’s internal ratings for loans receivable at September 30, 2015 (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Carrying

 

Percentage of

 

Internal Ratings

 

Investment Type

  

Amount

  

Loan Portfolio

  

Performing Loans

  

Watch List Loans

  

Workout Loans

 

Real estate secured 

 

$

90,650

 

12

 

$

90,650

 

$

 —

 

$

 —

 

Other secured

 

 

674,943

 

88

 

 

657,956

 

 

 —

 

 

16,987

 

 

 

$

765,593

 

100

 

$

748,606

 

$

 —

 

$

16,987