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Schedule IV - Mortgage Loans on Real Estate
12 Months Ended
Dec. 31, 2012
Mortgage Loans on Real Estate, by Loan Disclosure [Text Block]
KIMCO REALTY CORPORATION AND SUBSIDIARIES

Schedule IV - Mortgage Loans on Real Estate

As of December 31, 2012

(in thousands)

Type of  Loan/Borrower
 
Description
 
Location (c)
 
Interest Accrual Rates
 
Interest  Payment Rates
 
Final  Maturity Date
 
Periodic Payment Terms (a)
 
Prior Liens
   
Face Amount of Mortgages or Maximum Available Credit (b)
  Carrying Amount of Mortgages (b) (c)
                                         
Mortgage Loans:
                                       
Borrower A
 
Retail Development
 
Ontario, Canada
 
8.50%
 
8.50%
 
4/13/2013
 
I
 
-
  $
16,906
  $
16,897
Borrower B
 
Apartments
 
Montreal, Canada
 
8.50%
 
8.50%
 
6/27/2013
 
P& I
 
-
   
23,800
   
7,016
Borrower C
 
Senior Living Center
 
Parker, CO
 
7.00%
 
7.00%
 
12/31/2013
 
P& I
 
-
   
4,358
   
4,358
Borrower D
 
Retail
 
Jacksonville, FL
 
6.00%
 
6.00%
 
11/2/2013
 
P&I
 
-
   
4,221
   
4,221
Borrower E
 
Retail
 
Arboledas, Mexico
 
8.10%
 
8.10%
 
12/16/2013
 
P&I
 
-
   
13,000
   
3,835
Borrower F
 
Retail
 
Miami, FL
 
7.57%
 
7.57%
 
6/1/2019
 
P&I
 
-
   
6,509
   
3,792
Borrower G
 
Retail
 
Las Vegas, NV
 
10.00%
 
10.00%
 
5/14/2033
 
I
 
-
   
3,075
   
3,075
Borrower H
 
Retail
 
Guadalajara, Mexico
 
12.00%
 
12.00%
 
9/1/2016
 
P&I
 
-
   
5,307
   
2,706
Borrower I
 
Retail
 
Miami, FL
 
7.57%
 
7.57%
 
6/1/2019
 
P&I
 
-
   
4,201
   
2,633
Borrower J
 
Retail
 
Miami, FL
 
7.57%
 
7.57%
 
6/1/2019
 
P&I
 
-
   
3,966
   
2,584
Borrower K
 
Retail
 
Miami, FL
 
7.57%
 
7.57%
 
6/1/2019
 
P&I
 
-
   
3,678
   
2,394
Individually < 3%
 
(d)
     
(e)
 
(e)
 
(f)
     
-
   
15,779
   
13,800
                                 
104,800
   
67,311
Lines of Credit:
                                       
                                         
Individually < 3%
         
8.00%
 
8.00%
 
12/31/2013
           
2,400
   
1,405
                                         
Other:
                                       
                                         
Individually < 3%
         
(g)
 
(g)
 
(h)
           
2,050
   
1,952
                                         
Capitalized loan costs
                                     
36
                                         
Total
                              $
109,250
  $
70,704

(a)      I = Interest only; P&I  = Principal  & Interest

(b)     The instruments actual cash flows are denominated in U.S. dollars, Canadian dollars and Mexican pesos as indicated by the geographic location above

(c)     The aggregate cost for Federal income tax purposes is $70.7 million

(d)     Comprised of 14 separate loans with original loan amounts ranging between $0.4 million and $3.3 million

(e)     Interest rates range from 6.00% to 12.00%

(f)      Maturity dates range from one to 18 years

(g)     Interest rates range from 2.28% to 5.50%

(h)     Maturity dates range from six to 15 years

For a reconcilition of mortgage and other financing receivables from January 1, 2010 to December 31, 2012 see Note 11 of the Notes to Consolidated Financial Statements included in this annual report of Form 10K.

The Company feels it is not practicable to estimate the fair value of each receivable as quoted market prices are not available.

The cost of obtaining an independent valuation on these assets is deemed excessive considering the materiality of the total receivables.