XML 56 R31.htm IDEA: XBRL DOCUMENT v3.6.0.2
Schedule IV - MORTGAGE NOTES RECEIVABLE ON REAL ESTATE
 12 Months Ended
Dec. 31, 2016
Mortgage Loans on Real Estate [Abstract]  
Schedule IV - 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, 2016
(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:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Columbia Place Outparcel
 
5.00%
 
Feb-22
 
$
3

 
 
$
210

 
None
 
$
360

 
$
321

 
$
—

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

 
 
—

 
None
 
3,200

 
1,194

 
—

Village Square - Houghton Lake, MI
 
3.75%
 
Mar-2018
 
9

 
 
1,583

 
None
 
2,627

 
1,644

 
—

Other
 
3.27% - 9.50%
(3)
 Dec-2016 / Jan-2047
(4)
15


 
2,534

 
 
 
2,597

 
2,521

 
1,100

 
 
 
 
 
 
$
48

 
 
$
4,327

 
 
 
$
8,784

 
$
5,680

 
$
1,100

 
(1)
Equal monthly installments comprised of principal and interest, unless otherwise noted.
(2)
The aggregate carrying value for federal income tax purposes was $5,680 at December 31, 2016.
(3)
Mortgage notes receivable aggregated in Other include a variable-rate note that bears interest at prime plus 2.0%, currently at 5.75%, and a variable-rate note that bears interest at LIBOR plus 2.50%.
(4)
A $1,100 note for The Promenade at D'Iberville with a maturity date of December 2016 is in default at December 31, 2016. See Note 10 to the consolidated financial statements for additional information.

The changes in mortgage notes receivable were as follows (in thousands):
 
 
Year Ended December 31,
 
2016
 
2015
 
2014
Beginning balance
$
7,776

 
$
9,323

 
$
19,120

Additions
—

 
—

 
360

Payments
(250
)
 
(1,547
)
 
(10,157
)
Write-Offs (1)
(1,846
)
 
—

 
—

Ending balance
$
5,680

 
$
7,776

 
$
9,323


(1)
See Note 10 to the consolidated financial statements for more information.