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Schedule IV - Mortgage Loans on Real Estate
 12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
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,
2016
(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
Toronto, ON
    
5.00%
      
5.00%
  
7/31/2017
  
P& I
    
-
    $
5,730
    $
5,314
 
Borrower B
Retail
Westport, CT
    
6.50%
      
6.50%
  
3/4/2033
  
I
    
-
    $
5,014
    $
5,014
 
Borrower C
Retail
Las Vegas, NV
    
12.00%
      
12.00%
  
5/14/2033
  
I
    
-
    $
3,075
    $
3,075
 
Borrower D
Retail
Miami, FL
    
7.57%
      
7.57%
  
6/1/2019
  
P& I
    
-
    $
3,966
    $
2,078
 
Borrower E
Retail
Miami, FL
    
7.57%
      
7.57%
  
6/1/2019
  
P& I
    
-
    $
4,201
    $
2,037
 
Borrower F
Retail
Miami, FL
    
7.57%
      
7.57%
  
6/1/2019
  
P& I
    
-
    $
3,678
    $
1,923
 
Borrower G
Nonretail
Oakbrook Terrace, IL
    
6.00%
      
6.00%
  
12/9/2024
  
I
    
-
    $
1,950
    $
1,950
 
                                        -          
Individually < 3%
(d)
 
    
(e)
      
(e)
  
(f)
  
 
    
-
     
2,922
     
1,393
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
30,536
     
22,784
 
Other:
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                   
Individually < 3%
Nonretail
 
    
2.28%
      
2.28%
  
4/1/2027
  
 
    
 
      
600
     
407
 
                                                   
Capitalized loan costs
 
 
    
 
      
 
  
 
  
 
    
 
      
-
     
6
 
                                                   
Total
 
 
    
 
      
 
  
 
  
 
    
 
     $
31,136
    $
23,197
 
 
(a) I = Interest only; P&I = Principal & Interest
(b) The instruments actual cash flows are denominated in U.S. dollars and Canadian dollars as indicated by the geographic location above
(c) The aggregate cost for Federal income tax purposes is
$23.2
million
(d) Comprised of
four
separate loans with original loan amounts ranging between
$0.2
million and
$0.4
million
(e) Interest rates range from
6.88%
to
9.00%
(f) Maturity dates range from
October
19,
2019
to
December
1,
2030
 
For a reconciliation of mortgage and other financing receivables from
January
1,
2014
to
December
31,
2016
see Footnote
11
of the Notes to Consolidated Financial Statements included in this Form
10
-K.
 
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.