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SCHEDULE IV MORTGAGE LOANS ON REAL ESTATE
12 Months Ended
Dec. 31, 2012
Mortgage Loans On Real Estate [Abstract]  
MORTGAGE LOANS ON REAL ESTATE
SCHEDULE IV MORTGAGE LOANS ON REAL ESTATE
OMEGA HEALTHCARE INVESTORS, INC.
December 31, 2012

Description (1)
 
Interest Rate
   
Final Maturity Date
 
Periodic Payment
Terms
 
Prior Liens
 
Face Amount of
Mortgages
   
Carrying Amount of
Mortgages (3) (4)
   
Principal Amount
of Loans Subject
to Delinquent
Principal or
Interest
 
                                     
Florida (3 LTC facilities)
  10.40%     2030  
Interest payable monthly
 
None
    15,900,000       15,896,641          
Maryland (7 LTC facilities)
  11.00%     2023  
Interest payable monthly
 
None
    74,927,751       69,927,759          
Maryland (1 LTC facilities)
  12.00%     2046  
Interest payable monthly
 
None
    10,000,000       10,000,000          
Maryland (1 LTC facilities)
  12.00%     2046  
Interest payable monthly
 
None
    9,500,000       9,500,000          
Maryland (1 LTC facilities)
  12.00%     2046  
Interest payable monthly
 
None
    5,500,000       5,500,000          
Michigan (1 LTC facility)
  12.50%     2022  
Interest payable monthly
 
None
    5,310,000       5,310,000          
Michigan (1 LTC facility)
  12.50%     2021  
Interest payable monthly
 
None
    5,573,500       5,573,500          
Michigan (1 LTC facility)
  12.50%    
* See (2)
 
Interest payable monthly
 
None
    7,411,231       7,411,231          
Michigan (1 LTC facility)
  12.50%    
* See (2)
 
Interest payable monthly
 
None
    4,340,209       4,340,209          
Michigan (13 LTC facilities)
  11.00%     2021  
Interest plus $34,500 of
principal payable monthly
 
None
    92,000,000       91,585,884          
Michigan (1 LTC facility)
  12.00%     2046  
Interest payable monthly
 
None
    1,500,000       1,500,000          
Ohio (1 LTC facility)
  12.00%     2022  
Interest plus $1,600 of
principal payable monthly
 
None
    6,112,406       6,100,330          
    12.00%     2022  
Interest payable monthly
 
None
    345,011       345,011          
    12.00%     2022  
Interest payable monthly
        630,596       630,596          
Texas (1 LTC facility)
  11.00%     2013  
Interest payable monthly
 
None
    5,000,000       5,000,000          
                                           
                      $ 244,050,704       238,621,161          
 
(1)  Mortgage loans included in this schedule represent first mortgages on facilities used in the delivery of long-term healthcare of which such facilities are located in the states indicated.
(2)  This loan is a construction loan and matures 10 years after construction is completed.
(3)  The aggregate cost for federal income tax purposes is equal to the carrying amount.

   
Year Ended December 31,
 
(4)
 
2010
   
2011
   
2012
 
Balance at beginning of period
  $ 100,222,734     $ 108,556,518     $ 238,674,601  
Additions during period - Placements
    20,656,391       130,191,254       11,967,892  
Deductions during period - collection of principal/other
    (12,322,607 )     (73,171 )     (12,021,332 )
Balance at close of period
  $ 108,556,518     $ 238,674,601     $ 238,621,161