Mortgage Loans Payable, Net |
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Mortgage Loans Payable, Net | 6. Mortgage Loans Payable, Net As of June 30, 2019 and December 31, 2018, mortgage loans payable were $27,463,000 ($26,370,000, including discount/premium and deferred financing costs, net) and $17,256,000 ($16,892,000, including discount/premium and deferred financing costs, net), respectively. As of June 30, 2019, we had four fixed-rate mortgage loans with interest rates ranging from 3.67% to 5.25% per annum, maturity dates ranging from April 1, 2020 to February 1, 2051 and a weighted average effective interest rate of 4.19%. As of December 31, 2018, we had three fixed-rate mortgage loans with interest rates ranging from 3.75% to 5.25% per annum, maturity dates ranging from April 1, 2020 to August 1, 2029 and a weighted average effective interest rate of 4.51%. The following table reflects the changes in the carrying amount of mortgage loans payable, net for the six months ended June 30, 2019 and 2018:
As of June 30, 2019, the principal payments due on our mortgage loans payable for the six months ending December 31, 2019 and for each of the next four years ending December 31 and thereafter were as follows:
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