NOTES AND INTEREST RECEIVABLE FROM RELATED PARTIES (Tables)

3 Months Ended

Mar. 31, 2021

Receivables [Abstract]

Summary of notes and interest receivable from related parties

At March 31, 2021, we had mortgage loans and accrued interest receivable from related parties, net of allowances, totaling $11.5 million. As of March 31, 2021, we recognized interest income of $330 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. (Timbers of Terrell)		12/32		12.00	%	$	1,323		Secured
Total Notes Receivable							11,173
Accrued interest							330
Total Performing						$	11,503