Schedule IV - Mortgage Loans on Real Estate Schedule IV - Mortgage Loans on Real Estate

12 Months Ended

Dec. 31, 2021

Schedule IV - Mortgage Loans on Real Estate [Abstract]

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Text Block]

NATIONAL HEALTH INVESTORS, INC.
SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE
December 31, 2021
			Monthly						Amount Subject To
	Interest	Maturity	Payment	Prior	Original		Carrying		Delinquent Principal
	Rate	Date	Terms	Liens	Face Amount		Amount		or Interest
					($ in thousands)
First Mortgages:
Skilled nursing facilities:
Lexington, VA	8.0%	2032-12-31	$21,000		$	3,089	$	1,522
Brookneal, VA	8.0%	2031-12-31	$21,000		$	2,780	$	1,467
Laurel Fork, VA	8.0%	2030-12-31	$20,000		$	2,672	$	1,342
Assisted living facilities:
Oviedo, FL	8.25%	2021-12-31	Interest Only		$	10,000	$	10,000
Indianapolis, IN	7.0%	2022-12-31	Interest Only		$	6,423	$	6,423
Wabash/Lafayette, IN	7.0%	2025-12-31	Interest Only		$	4,000	$	3,944
Entrance fee communities:
Columbia, SC	7.3%	2024-12-31	Interest Only		$	32,700	$	32,700
Construction Loan:
Phoenix, AZ	7.25%	2028-12-31	Interest Only		$	118,800	$	110,232
Canton, MI	9.0%	2023-12-31	Interest Only		$	14,700	$	14,700
Chesapeake, VA	9.0%	2025-12-31	Interest Only		$	14,200	$	7,955
Virginia Beach, VA	9.0%	2023-12-31	Interest Only		$	14,000	$	14,000
Oshkosh, WI	8.50%	2024-12-31	Interest Only		$	6,045	$	9,018
Sussex, WI	8.50%	2024-12-31	Interest Only		$	22,200	$	17,624
							$	230,927	$	—

At December 31, 2021, the tax basis of our mortgage loans on real estate was $248,173,000. Balloon payments on our interest only mortgage receivables are equivalent to the carrying amounts listed above except for unamortized commitment fees of $698,000.

See the notes to our consolidated financial statements for more information on our mortgage loan receivables.

NATIONAL HEALTH INVESTORS, INC.
SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE
FOR THE YEARS ENDED DECEMBER 31, 2021, 2020, AND 2019
($ in thousands)
	December 31,
	2021		2020		2019
Reconciliation of mortgage loans on real estate
Balance at beginning of period	$	259,491	$	294,120	$	202,877
Additions:
New mortgage loans	33,160		55,059		105,345
Amortization of loan discount and commitment fees	741		806		440
Total Additions	33,901		55,865		105,785
Deductions:
Loan commitment fees received	—		222		108
Mortgage notes receivable related to investments in real estate	—		63,220		14,000
Collection of principal, less recoveries of previous write-downs	62,465		27,052		434
Total Deductions	62,465		90,494		14,542
Balance at end of period	$	230,927	$	259,491	$	294,120