Loans Receivable (Tables) - Loans receivable

12 Months Ended

Dec. 31, 2015

The following table summarizes the Company’s loans receivable (in thousands):


	December 31,
	2015						2014
	Real Estate		Other				Real Estate		Other
	Secured		Secured		Total		Secured		Secured		Total
Mezzanine	$	—	$	660,138	$	660,138	$	—	$	799,064	$	799,064
Other		114,322		—		114,322		135,363		—		135,363
Unamortized premiums (discounts), fees and costs, net		961		(6,678)		(5,717)		—		(14,056)		(14,056)
Allowance for loan losses		—		—		—		—		(13,410)		(13,410)
	$	115,283	$	653,460	$	768,743	$	135,363	$	771,598	$	906,961

The following table summarizes the Company’s internal ratings for loans receivable at December 31, 2015 (dollars in thousands):

Following is a summary of loans receivable secured by real estate at December 31, 2015 (dollars in thousands):


Final	Number
Maturity	of		Principal		Carrying
Date	Loans	Payment Terms	Amount		Amount
2016	1	aggregate monthly interest-only payments, accrues interest at 8.5%, and secured by a senior housing facility in Pennsylvania(1)	$	15,135	$	15,244
2017	3	aggregate monthly interest-only payments, accrues interest at 8.5%, and secured by two senior housing facilities in New Jersey and Pennsylvania;(1) and aggregate monthly interest-only payments, accrues interest at LIBOR plus 6.0%, and secured by, among other things, the issuer's real estate assets		78,329		79,291
2018	1	monthly interest-only payments, accrues interest at 8.0% and secured by a senior housing facility in Pennsylvania(1)		20,078		20,748
	5		$	113,542	$	115,283

(1)

Represents commitments to fund an aggregate of $2 million for four development projects that are at or near completion as of December 31, 2015.