XML 47 R25.htm IDEA: XBRL DOCUMENT v3.6.0.2
SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE
12 Months Ended
Dec. 31, 2016
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     2022                  (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)      112,836       112,836                (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) 

Steward Mortgage Loan(6)

    7.5     2031                  (1)      600,000       600,000                (2) 
         

 

 

   

 

 

   
          $ 1,060,336     $ 1,060,336                (5) 
         

 

 

   

 

 

   

 

(1) There were no prior liens on loans as of December 31, 2016.
(2) The mortgage loan was not delinquent with respect to principal or interest.
(3) The aggregate cost for federal income tax purposes is $1,060,336.
(4) Mortgage loans covering four properties in two tranches. Interest rate is weighted average of both tranches.
(5) Excludes unamortized loan issue costs of $0.1 million at December 31, 2016.
(6) Mortgage loans covering four properties.

Changes in mortgage loans (excluding unamortized loan issue costs) for the years ended December 31, 2016, 2015, and 2014 are summarized as follows:

 

     Year Ended December 31,  
     2016     2015     2014  
     (Dollar amounts in thousands)  

Balance at beginning of year

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

Additions during year:

      

New mortgage loans and additional advances on existing loans

     612,836       380,000       12,500  
  

 

 

   

 

 

   

 

 

 
     1,370,336       777,500       401,150  
  

 

 

   

 

 

   

 

 

 

Deductions during year:

      

Collection of principal

     (310,000     (20,000     (3,650
  

 

 

   

 

 

   

 

 

 
     (310,000     (20,000     (3,650
  

 

 

   

 

 

   

 

 

 

Balance at end of year

   $ 1,060,336     $ 757,500     $ 397,500