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Note 7 - Mortgage and Other Indebtedness - Schedule of Debt Balance (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 27, 2019
Dec. 31, 2019
Dec. 31, 2018
Debt Instrument [Line Items]      
Interest Rate     5.25%
Balance outstanding   $ 113,780 $ 4,668
Unamortized deferred financing costs   (1,307)  
Total Mortgage and Other Indebtedness   $ 112,473 4,638
Unamortized deferred financing costs     $ (30)
Basis Term Loan [Member]      
Debt Instrument [Line Items]      
Maturity Date Jan. 01, 2023 Jan. 01, 2023  
Rate Type [1]   Floating  
Interest Rate 6.125% 6.125% [2]  
Balance outstanding   $ 62,996  
Basis Preferred Interest [Member]      
Debt Instrument [Line Items]      
Maturity Date [3],[4]   Jan. 01, 2023  
Rate Type [4]   Fixed  
Interest Rate [2],[4]   14.00%  
Balance outstanding [4]   $ 9,471  
MVB Term Loan [Member]      
Debt Instrument [Line Items]      
Maturity Date   Dec. 27, 2022  
Rate Type   Fixed  
Interest Rate [2]   6.75%  
Balance outstanding   $ 4,500  
Hollinswood Loan [Member]      
Debt Instrument [Line Items]      
Maturity Date   Dec. 01, 2024  
Rate Type [5]   LIBOR + 2.25%  
Interest Rate [2]   4.06%  
Balance outstanding   $ 10,200  
Avondale Shops Loan [Member]      
Debt Instrument [Line Items]      
Maturity Date   Jun. 01, 2025  
Rate Type   Fixed  
Interest Rate [2]   4.00%  
Balance outstanding   $ 3,275  
Vista Shops at Golden Mile Loan [Member]      
Debt Instrument [Line Items]      
Maturity Date   Jan. 25, 2021  
Rate Type   LIBOR + 2.50%  
Interest Rate [2]   4.26%  
Balance outstanding   $ 8,950  
Brookhill Azalea Shopping Center Loan [Member]      
Debt Instrument [Line Items]      
Maturity Date   Jan. 31, 2025  
Rate Type   LIBOR + 2.75%  
Interest Rate [2]   4.51%  
Balance outstanding   $ 9,650  
Mezzanine Loan [Member]      
Debt Instrument [Line Items]      
Balance outstanding [6]   $ 2,738  
Acquisition Line of Credit [Member]      
Debt Instrument [Line Items]      
Maturity Date     Apr. 01, 2019
Rate Type [7]   Floating  
Interest Rate     6.50%
Balance outstanding     $ 1,000
Accounts Receivable Based Line of Credit [Member]      
Debt Instrument [Line Items]      
Maturity Date     Apr. 01, 2019
Rate Type [7]   Floating  
Interest Rate     6.50%
Balance outstanding     $ 1,250
Working Capital Line of Credit [Member]      
Debt Instrument [Line Items]      
Maturity Date     Apr. 01, 2019
Rate Type [7]   Floating  
Interest Rate     6.50%
Balance outstanding     $ 750
Guidance Line of Credit [Member]      
Debt Instrument [Line Items]      
Maturity Date     Apr. 30, 2019
Rate Type   Fixed  
Interest Rate     7.00%
Balance outstanding     $ 658
Business Term Loan [Member]      
Debt Instrument [Line Items]      
Maturity Date     Dec. 07, 2022
Rate Type   Fixed  
Interest Rate     5.25%
Balance outstanding     $ 1,010
MVB Revolver [Member]      
Debt Instrument [Line Items]      
Maturity Date [8]   Dec. 27, 2020  
Rate Type [9]   Floating  
Interest Rate [2]   6.75%  
Balance outstanding   $ 2,000  
[1] The interest rate for the Basis Term Loan is the greater of (i) LIBOR plus 3.850% per annum and (ii) 6.125% per annum. The Company has entered into an interest rate cap that caps the LIBOR rate on this loan at 3.5%.
[2] For floating rate loans tied to LIBOR, based on the one-month LIBOR rate of 1.76%, as of December 31, 2019.
[3] If the Basis Term Loan is paid in full earlier than its maturity date, the Basis Preferred Interest in the Sub-OP (as defined below) will mature at that time.
[4] The outstanding balance includes approximately $2.8 million of indebtedness related to the Multiple Minimum Amount owed to the Preferred Investor as described below under the heading “—Basis Preferred Interest”.
[5] The Company has entered into an interest rate swap which fixes the interest rate of the loan at 4.06%.
[6] The Mezzanine loans represent loans on two of the properties included in the Initial Mergers (as described in Note 1 under the heading “—Merger with MedAmerica Properties, Inc.”). These loans were to be paid off in connection with the Mergers; however, due to the timing of the closing of the Mergers in late December 2019, the loans were not paid off by the Company until the first quarter of 2020.
[7] The interest rate was the greater of (i) 5.25% and (ii) LIBOR plus 4.0%
[8] In December 2020, the Company entered into a one-year extension on the MVB Revolver as described below under the heading “—2020 Forbearance Agreements and Debt Amendments”.
[9] The interest rate on the MVB Revolver is the greater of (i) prime rate plus 1.5% and (ii) 6.75%.