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SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE
12 Months Ended
Dec. 31, 2015
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

    11.0     2022          (1   $ 70,000      $ 70,000        (2

Desert Valley Hospital

    11.6     2022          (1     20,000        20,000        (2

Desert Valley Hospital

    11.0     2017          (1     12,500        12,500        (2

Chino Valley Medical Center

    11.0     2022          (1     50,000        50,000        (2

Paradise Valley Hospital

    10.6     2022          (1     25,000        25,000        (2

Ernest Mortgage Loan(4)

    9.6     2032          (1     100,000        100,000        (2

Centinela Hospital Medical Center

    11.0     2022          (1     100,000        100,000        (2

Olympia Medical Center

    11.2     2024          (1     20,000        20,000        (2

St. Joseph Medical Center

    8.5     2025          (1     30,000        30,000        (2

St. Mary’s Medical Center

    8.5     2025          (1     10,000        10,000        (2

Lake Huron Medical Center

    8.5     2020          (1     10,000        10,000        (2

St. Clare’s Hospital(4)

    8.5     2020          (1     100,000        100,000        (2

Capella Mortgage Loan(6)

    8.0     2030          (1     210,000        210,000        (2
         

 

 

   

 

 

   
          $ 757,500      $ 757,500        (5
         

 

 

   

 

 

   

 

(1) There were no prior liens on loans as of December 31, 2015.
(2) The mortgage loan was not delinquent with respect to principal or interest.
(3) The aggregate cost for federal income tax purposes is $757,500.
(4) Mortgage loans covering four properties.
(5) Excludes unamortized loan issue costs of $0.1 million at December 31, 2015.
(6) Mortgage loans covering two properties.

 

Changes in mortgage loans (excluding unamortized loan issue costs) for the years ended December 31, 2015, 2014, and 2013 are summarized as follows:

 

     Year Ended December 31,  
     2015      2014      2013  
     (Dollar amounts in thousands)  

Balance at beginning of year

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

Additions during year:

        

New mortgage loans and additional advances on existing loans

     380,000         12,500         20,000   
  

 

 

    

 

 

    

 

 

 
     777,500         401,150         388,650   
  

 

 

    

 

 

    

 

 

 

Deductions during year:

        

Collection of principal

     (20,000      (3,650      —    
  

 

 

    

 

 

    

 

 

 
     (20,000 )      (3,650      —    
  

 

 

    

 

 

    

 

 

 

Balance at end of year

   $ 757,500       $ 397,500       $ 388,650