Mortgage Loans (Tables)

6 Months Ended

May 31, 2019

Schedule of mortgage and construction loans


	May 31, 2019		Nov. 30, 2018
3.91%, due January 27, 2020 *	$	3,276	$	3,345
4.72%, due October 3, 2022 *		4,224		4,273
4.39%, due January 2, 2025 *		19,389		19,674
4.17%, due May 1, 2026 *		13,301		13,487
3.79%, November 17, 2026 *		25,055		25,402
4.39%, due August 1, 2027 *		10,160		10,284
3.97%, due September 1, 2027		11,787		11,898
4.57%, due February 1, 2028 *		18,275		18,482
5.09%, due July 1, 2029		5,951		6,172
5.09%, due July 1, 2029		4,169		4,324
4.33%, due August 1, 2030		16,808		16,978
Nonrecourse mortgage loans		132,395		134,319
Debt issuance costs		(1,614)		(1,723)
Nonrecourse mortgage loans, net of debt issuance costs		130,781		132,596

4.51% construction loan		13,130		12,842
Debt issuance costs		(374)		(386)
Construction loan, net of debt issuance costs		12,756		12,456

Mortgage and construction loans, net of debt issuance costs	$	143,537	$	145,052

*Variable rate loans. Griffin has entered into interest rate swap agreements to effectively fix the interest rates on these loans to the rates reflected above.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details