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Schedule IV - Mortgage Notes Receivable on Real Estate
 12 Months Ended
Dec. 31, 2013
Mortgage Loans on Real Estate [Abstract]  
Mortgage Notes Receivable on Real Estate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Schedule IV
 
CBL & ASSOCIATES PROPERTIES, INC.
CBL & ASSOCIATES LIMITED PARTNERSHIP
MORTGAGE NOTES RECEIVABLE ON REAL ESTATE
At December 31, 2013
(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-Myrtle Beach - 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

 
 
 
—

 
None
 
3,200

 
1,738

 
—

Village Square - Houghton Lake, MI and Village at Wexford - Cadillac, MI
 
4.50
%
(4)
 
Mar-2015
 
10

(3
)

 
2,600

 
None
 
2,627

 
2,600

 
—

OTHER
 
2.67% -
9.50%

(5)
 
 Dec-2016/
 Jan-2047
 
17

 

 
 
3,340

 
 
 
5,782

 
5,782

 
—

 
 
 

 
 
 
 
$
106

 

 
 
$
14,940

 
 
 
$
20,609

 
$
19,120

 
$
—

 
(1)  Equal monthly installments comprised of principal and interest, unless otherwise noted.
(2)  The aggregate carrying value for federal income tax purposes was $19,120 at December 31, 2013.
(3)  Payment represents interest only.
(4)  Interest rate increases to 4.75% on April 1, 2014.
(5)  Mortgage notes receivable aggregated in Other include 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,
 
2013
 
2012
 
2011
Beginning balance
$
19,383

 
$
34,239

 
$
30,519

Additions
—

 
—

 
15,334

Receipt of land in lieu of payment
—

 
—

 
(2,235
)
Non-cash transfer
—

 
(12,741
)
 
—

Write-off of uncollectable amounts
—

 
—

 
(1,900
)
Payments
(263
)
 
(2,115
)
 
(7,479
)
Ending balance
$
19,120

 
$
19,383

 
$
34,239