TRANSCONTINENTAL REALTY INVESTORS INC
For the period ended Dec 31, 2023. Filed Mar 21, 2024.
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FY2023 · Filed Mar 21, 2024
TCI$48.73-1.8%Stored close · as of Nov 10, 2026
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Schedule IV—Mortgage Loans Receivable on Real Estate
SCHEDULE IV - MORTGAGE LOANS
December 31, 2023
| Description | Interest Rate | Maturity Date | Periodic PaymentTerms | Prior Liens | Face Amount | Carrying Value |
|---|---|---|---|---|---|---|
| ABC Land and Development, Inc. | 9.50% | 6/30/2026 | No payments until maturity | $— | $4,408 | $4,408 |
| ABC Paradise, LLC | 9.50% | 6/30/2026 | No payments until maturity | — | 1,210 | 1,210 |
| Autumn Breeze | 5.00% | 7/1/2025 | No payments until maturity or conversion | 24,181 | 2,157 | 2,157 |
| Bellwether Ridge | 5.00% | 11/1/2026 | No payments until maturity or conversion | 17,607 | 3,798 | 3,798 |
| Cascades at Spring Street | 5.38% | 6/30/2027 | Payments from excess property cash flows | 407 | 180 | 180 |
| Dominion at Mercer Crossing | 9.50% | 6/7/2028 | No payments until maturity | 38,564 | 6,354 | 6,354 |
| Forest Pines | 5.00% | 5/1/2024 | No payments until maturity or conversion | 25,701 | 6,472 | 6,472 |
| Inwood on the Park | 5.38% | 6/30/2028 | Payments from excess property cash flows | 25,477 | 20,325 | 20,325 |
| Kensington Park | 5.38% | 3/31/2027 | Payments from excess property cash flows | 15,364 | 10,262 | 10,262 |
| Lake Shore Villas | 5.38% | 12/31/2032 | Payments from excess property cash flows | 25,615 | 6,000 | 6,000 |
| Legacy Pleasant Grove | 12.00% | 10/23/2024 | No payments until maturity | — | 496 | 496 |
| McKinney Ranch | 6.00% | 9/15/2024 | No payments until maturity | — | 3,926 | 3,926 |
| Ocean Estates II | 5.38% | 5/31/2028 | Payments from excess property cash flows | 1,700 | 3,615 | 3,615 |
| One Realco Land Holding, Inc. | 9.50% | 6/30/2026 | No payments until maturity | — | 1,728 | 1,728 |
| Parc at Ingleside | 5.00% | 11/1/2026 | No payments until maturity or conversion | 24,513 | 3,759 | 3,759 |
| Parc at Opelika Phase II | 10.00% | 1/13/2023 | No payments until maturity or conversion | 22,680 | 3,190 | 3,190 |
| Parc at Windmill Farms | 5.00% | 11/1/2022 | No payments until maturity or conversion | 34,683 | 7,886 | 7,886 |
| Phillips Foundation for Better Living, Inc. | 12.00% | 3/31/2024 | Payments from excess property cash flows | — | 182 | 182 |
| Plaza at Chase Oaks | 5.38% | 3/31/2028 | Payments from excess property cash flows | 9,131 | 11,772 | 11,772 |
| Plum Tree | 5.00% | 4/26/2026 | No payments until maturity or conversion | 17,318 | 1,767 | 1,767 |
| Polk County Land | 9.50% | 6/30/2026 | No payments until maturity | — | 3,000 | 3,000 |
| Riverview on the Park Land, LLC | 9.50% | 6/30/2026 | No payments until maturity | — | 1,045 | 1,045 |
| Spartan Land | 6.00% | 1/16/2025 | No payments until maturity | — | 5,907 | 5,907 |
| Spyglass of Ennis | 5.00% | 11/1/2024 | No payments until maturity or conversion | 22,214 | 5,179 | 5,179 |
| Steeple Crest | 5.00% | 8/1/2026 | No payments until maturity or conversion | 11,057 | 6,498 | 6,498 |
| Timbers at The Park | 5.38% | 12/31/2032 | Payments from excess property cash flows | 13,156 | 11,173 | 11,173 |
| Tuscany Villas | 5.38% | 4/30/2027 | Payments from excess property cash flows | 1,497 | 1,548 | 1,548 |
| $330,865 | $133,837 | $133,837 | ||||
SCHEDULE IV - MORTGAGE LOANS
As of December 31,
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| Balance at January 1, | $129,304 | $129,726 | $123,556 |
| Additions | 6,500 | 1,229 | 18,844 |
| Deductions | (1,967) | (1,651) | (12,674) |
| Balance at December 31, | $133,837 | $129,304 | $129,726 |
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