Notes Receivable

6 Months Ended

Jun. 30, 2021

Notes Receivable.

Notes Receivable

4. Notes Receivable

Notes receivable consists of mezzanine loans and other loan arrangements. The following table is a summary of our notes receivable components as of June 30, 2021 and December 31, 2020 (in thousands):

	June 30, 2021		December 31, 2020
Mezzanine loans	$	7,461	$	8,445
Other loans		6,408		6,166
Notes receivable loan loss reserve		(139)		(146)
Total	$	13,730	$	14,465

The following table summarizes our notes receivable activity for the six months ended June 30, 2021 and 2020 (in thousands):

	Six Months Ended June 30,
		2021			2020
Advances under notes receivable	$	1,811	(1)	$	611
Principal payments received under notes receivable		(2,553)			(2,163)
Reclassified to lease incentives		—			(300)	(2)
Notes receivable reserve		7			18
Net decrease	$	(735)		$	(1,834)

(1) Funding under working capital notes and mezzanine loans with interest ranging between 5% and 8% and maturities between 2022 and 2030.

(2) Represents interim working capital loans related to development projects which matured upon completion of the development projects and commencement of the master leases.