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Loans Receivable (Tables)
 12 Months Ended
Dec. 31, 2017
Receivables [Abstract]  
Schedule of loans receivable (in thousands)
The following table summarizes the Company’s loans receivable (in thousands):
 
December 31,
 
2017
 
2016
 
Real Estate
Secured
 
Other
Secured
 
Total
 
Real Estate
Secured
 
Other
Secured
 
Total
Mezzanine(1)(2)
$
—

 
$
269,299

 
$
269,299

 
$
—

 
$
615,188

 
$
615,188

Other(3)
188,418

 
—

 
188,418

 
195,946

 
—

 
195,946

Unamortized discounts, fees and costs(1)
—

 
(596
)
 
(596
)
 
413

 
(3,593
)
 
(3,180
)
Allowance for loan losses
—

 
(143,795
)
 
(143,795
)
 
—

 
—

 
—

 
$
188,418

 
$
124,908

 
$
313,326

 
$
196,359

 
$
611,595

 
$
807,954

_______________________________________
(1)
At December 31, 2016, included £282 million ($348 million) outstanding and £2 million ($3 million) of associated unamortized discounts, fees and costs both related to the HC-One Facility, which paid off in June 2017.
(2)
At December 31, 2017, the Company had £2 million ($3 million) remaining under its commitments to fund development projects and capital expenditures under its development projects in the United Kingdom ("U.K."). In December 2017, the Company entered into a participating debt financing arrangement to fund a $115 million senior living development project, which remained unfunded at December 31, 2017.
(3)
At December 31, 2017 and 2016, included £123 million ($167 million) and £113 million ($140 million), respectively, outstanding primarily related to Maria Mallaband loans.
Summary of the Company's internal ratings for loans receivable (dollars in thousands)
The following table summarizes the Company’s internal ratings for net investment in DFLs at December 31, 2017 (dollars in thousands):
 
 
 
 
 
 
Internal Ratings
Segment
 
Carrying
Amount
 
Percentage of
DFL Portfolio
 
Performing DFLs
 
Watch List DFLs
 
Workout DFLs
Senior housing triple-net
 
$
629,748

 
88
 
$
273,886

 
$
355,862

 
$
—

Other non-reportable segments
 
84,604

 
12
 
84,604

 
—

 
—

 
 
$
714,352

 
100
 
$
358,490

 
$
355,862

 
$
—

The following table summarizes the Company’s internal ratings for loans receivable at December 31, 2017 (dollars in thousands):
 
 
Carrying
Amount
 
Percentage
of Loan
Portfolio
 
Internal Ratings
Investment Type
 
 
 
Performing
Loans
 
Watch List
Loans
 
Workout
Loans(1)
Real estate secured
 
$
188,418

 
60
 
$
188,418

 
$
—

 
$
—

Other secured
 
124,908

 
40
 
19,908

 
—

 
105,000

 
 
$
313,326

 
100
 
$
208,326

 
$
—

 
$
105,000


_______________________________________
(1)
See Tandem Health Care Loan discussion below for additional information.
Summary of loans receivable secured by real estate
The following table summarizes the Company’s loans receivable secured by real estate at December 31, 2017 (dollars in thousands):
Final
Maturity
Date
 
Number
of
Loans
 
Payment Terms
 
Principal
Amount(1)
 
Carrying
Amount
2018
 
1
 
monthly interest-only payments, accrues interest at 8.0% and secured by a senior housing facility in Pennsylvania
 
$
21,458

 
$
21,597

2021
 
2
 
aggregate monthly interest-only payments, accrues interest at 8.0% and 9.75% and secured by two senior housing facility in the U.K.
 
22,706

 
24,001

2023
 
1
 
monthly interest-only payments, accrues interest at 7.22% and secured by seven senior housing facilities in the U.K.
 
142,820

 
142,820

 
 
4
 
 
 
$
186,984

 
$
188,418

_______________________________________
(1)
Represents future contractual principal payments to be received on loans receivable secured by real estate.