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SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE
 12 Months Ended
Dec. 31, 2014
Mortgage Loans on Real Estate [Abstract]  
SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE

SCHEDULE IV — MORTGAGE LOANS ON REAL ESTATE

MEDICAL PROPERTIES TRUST, INC. AND MPT OPERATING PARTNERSHIP, L.P.

 

Column A

   Column B     Column C     Column D   Column E     Column F     Column G(3)     Column H  

Description

   Interest
Rate		     Final
Maturity
Date		     Periodic Payment
Terms		   Prior
Liens		     Face
Amount of
Mortgages		     Carrying
Amount of
Mortgages		     Principal
Amount of
Loans
Subject to
Delinquent
Principal or
Interest		  
    (Dollar amounts in thousands)  

Long-term first mortgage loan:

       Payable in monthly
installments of
interest plus
principal payable
in full at maturity		        

Desert Valley Hospital

     10.9 %      2022          (1 )    $ 70,000      $ 70,000        (2 ) 

Desert Valley Hospital

     11.5 %      2022          (1 )      20,000        20,000        (2 ) 

Desert Valley Hospital

     11.5 %      2015          (1 )      12,500        12,500        (2 ) 

Chino Valley Medical Center

     10.9 %      2022          (1 )      50,000        50,000        (2 ) 

Paradise Valley Hospital

     10.4 %      2022          (1 )      25,000        25,000        (2 ) 

Ernest Mortgage Loan(4)

     9.4 %      2032          (1 )      100,000        100,000        (2 ) 

Centinela Hospital Medical Center

     10.8 %      2022          (1 )      100,000        100,000        (2 ) 

Olympia Medical Center

     11.0 %      2024          (1 )      20,000        20,000        (2 ) 
         

 

 

    

 

 

    
          $ 397,500      $ 397,500        (5 ) 
         

 

 

    

 

 

    

 

(1) There were no prior liens on loans as of December 31, 2014.
(2) The mortgage loan was not delinquent with respect to principal or interest.
(3) The aggregate cost for Federal income tax purposes is $397,500.
(4) Mortgage loans covering four properties.
(5) Excludes unamortized loan issue costs of $0.1 million at December 31, 2014.

Changes in mortgage loans (excluding unamortized loan issue costs) for the years ended December 31, 2014, 2013, and 2012 are summarized as follows:

 

     Year Ended December 31,  
     2014     2013      2012  
     (Dollar amounts in thousands)  

Balance at beginning of year

    $ 388,650      $ 368,650       $ 165,000   

Additions during year:

        

New mortgage loans and additional advances on existing loans

      12,500        20,000         203,650   
  

 

 

    

 

 

     

 

 

  
     401,150        388,650         368,650   
  

 

 

    

 

 

     

 

 

  

Deductions during year:

        

Collection of principal

      (3,650 )     —          —    
  

 

 

    

 

 

     

 

 

  
     (3,650 )     —          —    
  

 

 

    

 

 

     

 

 

  

Balance at end of year

    $ 397,500      $ 388,650       $ 368,650