Schedule IV - Mortgage Loans on Real Estate

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Text Block]

KIMCO REALTY CORPORATION AND SUBSIDIARIES

SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE

As of December 31, 2019

(in thousands)

Description	Interest Rate		Final Maturity Date	Periodic Payment Terms (a)	Prior Liens		Original Face Amount of Mortgages		Carrying Amount of Mortgages (b)		Principal Amount of Loans Subject to Delinquent Principal or Interest
Mortgage Loans:
Retail
Las Vegas, NV		12.00%	May-33	I		-		3,075		3,075		-
Walker, MI		4.00%	Dec-24	P& I		-		3,750		3,750
Nonretail
Commack, NY		7.41%	Oct-26	P& I		-		1,354		301
Melbourne, FL		6.88%	Dec-30	P&I				500		261
					$	-	$	8,679	$	7,387	$	-
Other Financing Loans:
Nonretail
Charlie Browns License		2.28%	Apr-27	P& I				600		291
RONA Capital Partners		6.20%	May-20	P&I				175		150
					$	-	$	9,454	$	7,828	$	-

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

(b)  The aggregate cost for Federal income tax purposes was approximately $7.8 million as of December 31, 2019.

For a reconciliation of mortgage and other financing receivables from January 1, 2017 to December 31, 2019, see Footnote 10 of the Notes to the 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.