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SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE
 12 Months Ended
Dec. 31, 2019
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.

December 31, 2019

 

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

 

 

12.4

%

 

2022

 

 

 

 

(1

)

 

 

20,000

 

 

 

20,000

 

 

 

(2

)

Desert Valley Hospital

 

 

11.0

%

 

2021

 

 

 

 

(1

)

 

 

12,500

 

 

 

12,500

 

 

 

(2

)

Chino Valley Medical Center

 

 

11.0

%

 

2022

 

 

 

 

(1

)

 

 

50,000

 

 

 

50,000

 

 

 

(2

)

Paradise Valley Hospital

 

 

11.2

%

 

2022

 

 

 

 

(1

)

 

 

25,000

 

 

 

25,000

 

 

 

(2

)

Ernest(4)

 

 

10.2

%

 

2032

 

 

 

 

(1

)

 

 

115,000

 

 

 

115,000

 

 

 

(2

)

Centinela Hospital Medical Center

 

 

11.9

%

 

2022

 

 

 

 

(1

)

 

 

100,000

 

 

 

100,000

 

 

 

(2

)

Olympia Medical Center

 

 

10.9

%

 

2024

 

 

 

 

(1

)

 

 

25,000

 

 

 

25,000

 

 

 

(2

)

St. Joseph Medical Center

 

 

9.3

%

 

2025

 

 

 

 

(1

)

 

 

30,000

 

 

 

30,000

 

 

 

(2

)

St. Mary’s Medical Center

 

 

9.3

%

 

2025

 

 

 

 

(1

)

 

 

10,000

 

 

 

10,000

 

 

 

(2

)

Lake Huron Medical Center

 

 

9.3

%

 

2025

 

 

 

 

(1

)

 

 

10,000

 

 

 

10,000

 

 

 

(2

)

Steward(6)

 

 

7.8

%

 

2031

 

 

 

 

(1

)

 

 

737,242

 

 

 

737,242

 

 

 

(2

)

Vibra

 

 

11.5

%

 

2024

 

 

 

 

(1

)

 

 

18,986

 

 

 

18,986

 

 

 

(2

)

Prospect

 

 

7.5

%

 

2034

 

 

 

 

(1

)

 

 

51,267

 

 

 

51,267

 

 

 

(2

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

1,274,995

 

 

$

1,274,995

 

 

 

(5

)

 

(1)

There were no prior liens on loans as of December 31, 2019.

(2)

The mortgage loan was not delinquent with respect to principal or interest.

(3)

The aggregate cost for federal income tax purposes is $1.3 billion.

(4)

Mortgage loans covering four properties in two tranches. Interest rate is weighted-average of both tranches.

(5)

Excludes unamortized loan issue costs of $0.03 million at December 31, 2019.

(6)

Mortgage loans covering two properties.

Changes in mortgage loans (excluding unamortized loan issue costs) for the years ended December 31, 2019, 2018, and 2017 are summarized as follows:

 

 

 

Year Ended December 31,

 

 

 

2019

 

 

2018

 

 

2017

 

 

 

(Dollar amounts in thousands)

 

Balance at beginning of year

 

$

1,213,283

 

 

$

1,778,264

 

 

$

1,060,336

 

Additions during year:

 

 

 

 

 

 

 

 

 

 

 

 

New mortgage loans and additional advances on

   existing loans

 

 

61,712

 

 

 

50,783

 

 

 

717,928

 

 

 

 

1,274,995

 

 

 

1,829,047

 

 

 

1,778,264

 

Deductions during year:

 

 

 

 

 

 

 

 

 

 

 

 

Collection of principal

 

 

—

 

 

 

(615,764

)

 

 

—

 

 

 

 

—

 

 

 

(615,764

)

 

 

—

 

Balance at end of year

 

$

1,274,995

 

 

$

1,213,283

 

 

$

1,778,264