XML 44 R24.htm IDEA: XBRL DOCUMENT v3.22.0.1
SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE
 12 Months Ended
Dec. 31, 2021
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, 2021

 

Column A

 

Column B

 

 

Column C

 

Column D

 

Column E

 

 

Column F

 

 

Column G(1)

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Colombia(4)

 

 

8.95

%

 

2035

 

 

 

 

(2

)

 

$

120,167

 

 

$

120,167

 

 

 

(3

)

Vibra

 

 

11.50

%

 

2024

 

 

 

 

(2

)

 

 

18,986

 

 

 

18,986

 

 

 

(3

)

Prospect

 

 

7.65

%

 

2034

 

 

 

 

(2

)

 

 

51,267

 

 

 

51,267

 

 

 

(3

)

Springstone

 

 

7.00

%

 

2041

 

 

 

 

(2

)

 

 

22,900

 

 

 

22,900

 

 

 

(3

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

213,320

 

 

$

213,320

 

 

 

(5

)

 

(1)

The aggregate cost for federal income tax purposes is $213.3 million.

(2)

There were no prior liens on loans as of December 31, 2021.

(3)

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

(4)

Mortgage loans covering three properties.

(5)

Excludes allowance for credit loss of $0.1 million at December 31, 2021.

Changes in mortgage loans (excluding allowance for credit loss for 2021 and 2020 only and unamortized loan issue costs for 2019 only) for the years ended December 31, 2021, 2020, and 2019 are summarized as follows:

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

 

 

(Dollar amounts in thousands)

 

Balance at beginning of year

 

$

248,335

 

 

$

1,274,995

 

 

$

1,213,283

 

Additions during year:

 

 

 

 

 

 

 

 

 

 

 

 

New mortgage loans and additional advances on

   existing loans

 

 

1,128,695

 

(6)

 

193,590

 

 

 

61,712

 

Exchange rate fluctuations

 

 

(3,640

)

 

 

9,785

 

 

 

—

 

 

 

 

1,373,390

 

 

 

1,478,370

 

 

 

1,274,995

 

Deductions during year:

 

 

 

 

 

 

 

 

 

 

 

 

Collection of principal

 

 

(1,160,070

)

(6)

 

(1,230,035

)

(7)

 

—

 

 

 

 

(1,160,070

)

 

 

(1,230,035

)

 

 

—

 

Balance at end of year

 

$

213,320

 

 

$

248,335

 

 

$

1,274,995

 

(6)

Includes an £800 million mortgage loan advanced to Priory in the first quarter of 2021 that was redeemed as part of the acquisition of the underlying fee simple real estate in the second quarter of 2021 as more fully described in Note 3 to Item 8 of this Annual Report on Form 10-K.

(7)

Includes $835 million of mortgage loans that were used to acquire the underlying fee simple real estate as more fully described in Note 3 to Item 8 of this Annual Report on Form 10-K.