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SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE
12 Months Ended
Oct. 31, 2017
SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE [Abstract]  
SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE
URSTADT BIDDLE PROPERTIES INC.
OCTOBER 31, 2017
SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE
(In thousands)

FIRST MORTGAGE LOANS ON BUSINESS PROPERTIES (c) and (d):

COL. A
COL. B
 
COL. C
COL. D
COL. E
 
COL. F
 
Description
Interest Rate
 
Final Maturity Date
Periodic Payment Terms
Remaining
Face Amount of
Mortgages (b)
 
Carrying
Amount of
Mortgages (a)
 
Coupon
 
Effective
 
Retail Property:
          
Rockland County, NY
  
3.779
%
  
3.779
%
October 10, 2017
Interest Only - Monthly
 
$
-
  
$
-
 
TOTAL MORTGAGE LOANS ON REAL ESTATE
 
$
-
  
$
-
 

Interest is one month LIBOR plus 3.25% per annum.

Loan was repaid in October 2017.

NOTES TO SCHEDULE IV

(a)
Reconciliation of Mortgage Loans on Real Estate

  
Year Ended October 31,
 
  
2017
  
2016
  
2015
 
Balance at beginning of period:
 
$
13,500
  
$
-
  
$
-
 
Additions during period:
            
New mortgage loans
  
-
   
13,500
   
-
 
Deductions during the current period:
            
Collections of principal and amortization of discounts
  
(13,500
)
  
-
   
-
 
Balance at end of period:
 
$
-
  
$
13,500
  
$
-
 

(b)
The aggregate cost basis for Federal income tax purposes is equal to the face amount of the mortgages
(c)
At October 31, 2017, no mortgage loans were delinquent in payment of currently due principal or interest.
(d)
There are no prior liens for any of the mortgage loans on real estate.