| SCHEDULE IV - MORTGAGE LOANS |
SCHEDULE IV - MORTGAGE LOANS As of December 31, 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Description | | Interest Rate | | Maturity Date | | Periodic Payment
Terms | | 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% | | 7/1/2028 | | No payments until maturity or conversion | | 23,563 | | | 1,043 | | | 1,043 | | | Bellwether Ridge | | 5.00% | | 11/1/2026 | | No payments until maturity or conversion | | 17,109 | | | 3,798 | | | 3,798 | | | Dominion at Mercer Crossing | | 7.75% | | 6/7/2028 | | No payments until maturity | | 37,572 | | | 6,167 | | | 6,167 | | | Echo Station | | 4.24% | | 12/31/2032 | | Payments from excess property cash flows | | 12,656 | | | 9,881 | | | 9,881 | | | Forest Pines | | 5.00% | | 5/1/2027 | | No payments until maturity or conversion | | 24,945 | | | 6,472 | | | 6,472 | | | Gruppa Florentina | | 4.50% | | 12/31/2039 | | Periodic payments | | — | | | 8,880 | | | 8,880 | | | Inwood on the Park | | 4.24% | | 6/30/2028 | | Payments from excess property cash flows | | 24,281 | | | 19,985 | | | 19,985 | | | Kensington Park | | 4.24% | | 3/31/2027 | | Payments from excess property cash flows | | 14,415 | | | 5,196 | | | 5,196 | | | Lake Shore Villas | | 4.24% | | 12/31/2032 | | Payments from excess property cash flows | | 20,411 | | | 4,852 | | | 4,852 | | | Prospectus Endeavors | | 6.00% | | 10/23/2029 | | No payments until maturity | | — | | | 496 | | | 496 | | | McKinney Ranch | | 6.00% | | 9/15/2029 | | No payments until maturity | | — | | | 3,926 | | | 3,926 | | | Ocean Estates II | | 4.24% | | 5/31/2028 | | Payments from excess property cash flows | | — | | | 3,591 | | | 3,591 | | | 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 | | 23,875 | | | 3,759 | | | 3,759 | | | Parc at Opelika Phase II | | 10.00% | | 1/13/2023 | | No payments until maturity or conversion | | 22,044 | | | 3,190 | | | 3,190 | | | Parc at Windmill Farms | | 5.00% | | 11/1/2022 | | No payments until maturity or conversion | | 33,774 | | | 7,886 | | | 7,886 | | | Phillips Foundation for Better Living, Inc. | | 4.24% | | 3/31/2028 | | Payments from excess property cash flows | | — | | | — | | | — | | | Plaza at Chase Oaks | | 4.24% | | 3/31/2028 | | Payments from excess property cash flows | | 8,160 | | | 11,303 | | | 11,303 | | | Plum Tree | | 5.00% | | 8/17/2028 | | No payments until maturity or conversion | | 16,882 | | | 1,240 | | | 1,240 | | | 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% | | 1/16/2027 | | No payments until maturity | | — | | | 5,907 | | | 5,907 | | | Spyglass of Ennis | | 5.00% | | 11/1/2028 | | No payments until maturity or conversion | | 21,589 | | | 4,705 | | | 4,705 | | | Steeple Crest | | 5.00% | | 8/1/2026 | | No payments until maturity or conversion | | 10,544 | | | 6,230 | | | 6,230 | | | Timbers at The Park | | 4.24% | | 12/31/2032 | | Payments from excess property cash flows | | 12,594 | | | 11,072 | | | 11,072 | | | Tuscany Villas | | 4.24% | | 4/30/2027 | | Payments from excess property cash flows | | 1,403 | | | 1,469 | | | 1,469 | | | | | | | | | | $ | 325,817 | | | $ | 142,439 | | | $ | 142,439 | |
SCHEDULE IV - MORTGAGE LOANS As of December 31, | | | | | | | | | | | | | | | | | | | 2025 | | 2024 | | 2023 | | Balance at January 1, | $ | 138,349 | | | $ | 144,142 | | | $ | 139,609 | | | Additions | 12,685 | | | — | | | 6,500 | | | Deductions | (8,595) | | | (5,793) | | | (1,967) | | | Balance at December 31, | $ | 142,439 | | | $ | 138,349 | | | $ | 144,142 | |
|