Notes Receivable

3 Months Ended

Mar. 31, 2014

Notes Receivable

Notes Receivable

3. Notes Receivable

Notes receivable consists of various loans and line of credit agreements with certain operators. During the three months ended March 31, 2014, we did not receive or fund any principal under these notes. In the comparable 2013 period, we received $114,000 in principal payments and we funded $63,000 under these notes. At March 31, 2014, we had eight loans and line of credit agreements with a total commitment to fund $2,750,000. As of March 31, 2014, we funded $595,000 under these commitments and we have a remaining commitment of $2,155,000. The weighted average interest rate of these loans is 11.8%.