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Schedule IV - Mortgage Notes Receivable on Real Estate
 12 Months Ended
Dec. 31, 2012
Schedule IV Mortgage Loans on Real Estate [Abstract]  
Mortgage Loans on Real Estate, by Loan Disclosure [Text Block]
Schedule IV
CBL & ASSOCIATES PROPERTIES, INC.
MORTGAGE NOTES RECEIVABLE ON REAL ESTATE
AT DECEMBER 31, 2012
(In thousands)
 

Name Of Center/Location
 
Interest
Rate
 
Final Maturity Date
 
Monthly
Payment
Amount (1)
 
Balloon Payment
At
Maturity
 
Prior
Liens
 
Face
Amount Of
Mortgage
 
Carrying
Amount Of
Mortgage (2)

 
Principal
Amount Of
Mortgage
Subject To
Delinquent
Principal
Or Interest
FIRST MORTGAGES:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Coastal Grand-MyrtleBeach - Myrtle Beach, SC
 
7.75
%
 
 
Oct-2014
 
$
58

(3
)
 
 
$
9,000

 
None
 
$
9,000

 
$
9,000

 
$
—

One Park Place - Chattanooga, TN
 
5.00
%
 
 
May-2022
 
21

(4
)
 
 
2,007

 
None
 
3,200

 
1,902

 
—

Village Square - Houghton Lake, MI and Village at Wexford - Cadillac, MI
 
4.25
%
(5)
 
Mar-2015
 
10

(3
)
(4
)
 
2,600

 
None
 
2,627

 
2,600

 
—

OTHER
 
2.71% -
 12.00%

(7)
 
 Jul-2011/
 Jan-2047
 
17

 

 
 
3,418

 
 
 
6,460

 
5,881

 
78

 
 
 

 
 
 
 
$
106

 

 
 
$
17,025

 
 
 
$
21,287

 
$
19,383

 
$
78

 
(1)  Equal monthly installments comprised of principal and interest, unless otherwise noted.
(2)  The aggregate carrying value for federal income tax purposes was $19,383 at December 31, 2012.
(3)  Payment represents interest only.
(4)  Loans included in the schedule above which were extended or renewed during the year ended December 31, 2012 aggregated approximately $4,607.
(5)  Interest rate increases annually to 4.50% on April 1, 2013 and 4.75% on April 1, 2014.
(6) Unpaid principal and interest are due upon maturity. Subsequent to December 31, 2012, $3,525 was paid to reduce the balance of the note receivable.
(7)  Mortgage and other notes receivable aggregated in Other included a variable-rate note that bears interest at prime plus 2.0%, currently at 5.25%, and a variable-rate note that bears interest at LIBOR plus 2.50%.

The changes in mortgage notes receivable were as follows (in thousands):
 
 
Year Ended December 31,
 
2012
 
2011
 
2010
Beginning balance
$
34,239

 
$
30,519

 
$
38,208

Additions
—

 
15,334

 
1,001

Receipt of land in lieu of payment
—

 
(2,235
)
 
—

Non-cash transfer
(12,741
)
 
—

 
(7,081
)
Write-off of uncollectible amounts
—

 
(1,900
)
 
—

Payments
(2,115
)
 
(7,479
)
 
(1,609
)
Ending balance
$
19,383

 
$
34,239

 
$
30,519