NOTES AND INTEREST RECEIVABLE FROM RELATED PARTIES (Tables)

6 Months Ended

Jun. 30, 2019

Receivables [Abstract]

Summary of notes and interest receivable from related parties

At June 30, 2019, we had mortgage loans and accrued interest receivable from related parties, net of allowances, totaling $14.0 million. As of June 30, 2019, we recognized interest income of $889 thousand related to these notes receivable. Below is a summary of notes and interest receivable from related parties (dollars in thousands):

	Maturity		Interest
Borrower	Date		Rate			Amount		Collateral
Performing loans:
Unified Housing Foundation, Inc. (Echo Station)		12/32		12.00	%	$	1,481		Secured
Unified Housing Foundation, Inc. (Lakeshore Villas)		12/32		12.00	%		2,000		Secured
Unified Housing Foundation, Inc. (Lakeshore Villas)		12/32		12.00	%		6,369		Secured
Unified Housing Foundation, Inc. (Limestone Ranch)		12/32		12.00	%		1,953		Secured
Unified Housing Foundation, Inc. (Timbers of Terrell)		12/32		12.00	%		1,323		Secured
Total Notes Receivable							13,126
Accrued interest							889
Total Performing						$	14,015