Bluegreen Vacations Holding Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Notes Receivable (Tables)

Notes Receivable (Tables)

3 Months Ended

Mar. 31, 2018

Information Relating To Bluegreen's Notes Receivable



		March 31,	December 31,
		2018	2017
Notes receivable:
VOI notes receivable - non-securitized	$	164,974	184,971
VOI notes receivable - securitized		380,642	364,349
Notes receivable secured by homesites (1)		1,198	1,329
Gross notes receivable		546,814	550,649
Allowance for loan losses - non-securitized		(36,292)	(38,497)
Allowance for loan losses - securitized		(86,285)	(85,161)
Allowance for loan losses – homesites (1)		(120)	(133)
Notes receivable, net	$	424,117	426,858
Allowance as a % of gross notes receivable		22%	22%

(1)

Notes receivable secured by homesites were originated through a business, substantially all of the assets of which were sold by Bluegreen in 2012.

Activity In The Allowance For Loan Losses



		For the Three Months Ended
		March 31,
		2018
Balance, beginning of period	$	123,791
Provision for loan losses		8,006
Write-offs of uncollectible receivables		(9,100)
Balance, end of period	$	122,697

Delinquency Status Of Bluegreen's VOI Notes Receivable



		March 31,	December 31,
		2018	2017
Current	$	520,383	525,482
31-60 days		5,113	6,088
61-90 days		4,353	4,897
> 90 days (1)		15,767	12,853
Total	$	545,616	549,320

(1)

Includes $10.6 million and $7.6 million as of March 31, 2018 and December 31, 2017, respectively, related to VOI notes receivable that, as of such date, had defaulted, but the related VOI note receivable balance had not yet been charged off in accordance with the provisions of certain of Bluegreen's receivable-backed notes payable transactions. These VOI notes receivable have been reflected in the allowance for loan losses.