Mortgage And Other Notes Receivable (Tables)

9 Months Ended

Sep. 30, 2020

Mortgage and Other Notes Receivable [Abstract]

Financing Receivable Credit Quality Indicators

he credit quality indicator as of June 30, 2020, net by year of origination ($ in thousands):

	2020		2019		2018		2017		2016		Prior		Total
Mortgages
more than 1.5x	$	1,553	$	8,453	$	179,141	$	—	$	—	$	6,894	$	196,041
between 1.0x and 1.5x	—		—		—		—		10,000		—		10,000
below 1.0x	4,000		39,123		—		9,963		—		—		53,086
No coverage available	—		—		—		—		—		—		—
	5,553		47,576		179,141		9,963		10,000		6,894		259,127
Mezzanine
more than 1.5x	—		—		—		—		—		—		—
between 1.0x and 1.5x	—		—		—		—		14,479		—		14,479
below 1.0x	—		—		—		—		—		11,663		11,663
No coverage available	—		750		—		—		—		—		750
	—		750		—		—		14,479		11,663		26,892
Revolver
more than 1.5x													—
between 1.0x and 1.5x													6,170
below 1.0x													—
													6,170
									Credit loss reserve				(4,907)
													$	287,282

Schedule of Financing Receivable, Allowance for Credit Loss, Roll Forward

The allowance for expected credit losses for our commercial loans is presented in the following table for the nine months ended September 30, 2020 ($ in thousands):

Beginning balance January 1, 2020 (upon adoption of ASU 2016-13)	$	3,900
Provision for expected credit losses	1,007
Balance September 30, 2020	$	4,907

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

At September 30, 2020, our construction loans to Bickford are summarized in the following table ($ in thousands):

Commencement	Rate	Maturity	Commitment		Drawn		Location
January 2018	9%	5 years	$	14,000	$	(13,687)	Virginia
July 2018	9%	5 years	14,700		(14,218)		Michigan
June 2020	9%	5 years	14,200		(1,553)		Virginia
			$	42,900	$	(29,458)