SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE

12 Months Ended

Dec. 31, 2020

Mortgage Loans On Real Estate [Abstract]

SCHEDULE IV-MORTGAGE LOANS ON REAL ESTATE

Description	Effective Interest Rate	Final Maturity Date	Face Amount of Notes Receivable		Net Carrying Amount of Notes Receivable as of December 31, 2020
First Mortgage Loan	6.00%	4/1/2020	$	17,810	$	17,802
Mezzanine Loan	18.00%	7/1/2020		5,306		5,306
Other	3.16%	4/10/2021		462		462
First Mortgage Loan	5.50%	10/28/2021		13,530		13,530
Mezzanine Loan	9.00%	1/13/2023		54,000		54,000
Other	4.65%	4/12/2026		6,000		6,000
Mezzanine Loan	8.00%	12/11/2027		5,000		5,000
Total			$	102,108		102,100
Allowance for credit loss						(650	)
Net carrying amount of notes receivable					$	101,450

The Company monitors the credit quality of its notes receivable on an ongoing basis and considers indicators of credit quality such as loan payment activity, the estimated fair value of the underlying collateral, the seniority of the Company's loan in relation to other debt secured by the collateral, the personal guarantees of the borrower and the prospects of the borrower.

The following table reconciles the activity for loans on real estate from January 1, 2018 to December 31, 2020 (in thousands):

	Reconciliation of Loans on Real Estate
	Year Ended December 31,
	2020			2019			2018
Balance at beginning of year	$	114,943		$	111,775		$	160,991
Additions		59,585			18,418			3,805
Repayments		—			(15,250	)		(31,000	)
Conversion to real estate through receipt of deed		(72,428	)		—			(22,021	)
Allowance for credit loss		(650	)		—			—
Balance at end of year	$	101,450		$	114,943		$	111,775