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Schedule IV - Mortgage Loans on Real Estate
12 Months Ended
Dec. 31, 2019
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]  
Schedule IV - Mortgage Loans on Real Estate
FEDERAL REALTY INVESTMENT TRUST
SCHEDULE IV
MORTGAGE LOANS ON REAL ESTATE
Year Ended December 31, 2019

(Dollars in thousands)
Column A
 
Column B
 
Column C
 
Column D
 
Column E
 
Column F
 
Column G
 
Column H
 
Description of Lien
 
Interest Rate
 
Maturity Date
 
Periodic Payment
Terms
 
Prior
Liens
 
Face Amount
of Mortgages
 
Carrying
Amount
of Mortgages(1)
 
Principal
Amount
of Loans
Subject to
delinquent
Principal
or Interest
 
Mortgage on
retail buildings in Philadelphia, PA
 
8% or 10%
based on
timing of
draws, plus
participation
 
May 2021
 
Interest only
monthly; balloon payment due at maturity
 
$

 
  
 
$
21,179

 
  
 
$
21,179

 
(2)
 
$

 
Mortgage on retail buildings in Philadelphia, PA
 
10% plus participation
 
May 2021
 
Interest only monthly;
balloon payment due
at maturity
 

 
  
 
9,250

 
  
 
9,250

 
  
 

 
 
 
 
 
 
 
 
 
$

 
  
 
$
30,429

 

 
$
30,429

 

 
$

 
_____________________
(1)
For Federal tax purposes, the aggregate tax basis is approximately $30.4 million as of December 31, 2019.
(2)
This mortgage is available for up to $25.0 million.


FEDERAL REALTY INVESTMENT TRUST
SCHEDULE IV
MORTGAGE LOANS ON REAL ESTATE - CONTINUED
Three Years Ended December 31, 2019
Reconciliation of Carrying Amount
(in thousands)
 
 
Balance, December 31, 2016
$
29,904

Additions during period:
 
Issuance of loans
525

Balance, December 31, 2017
30,429

Balance, December 31, 2018
30,429

Balance, December 31, 2019
$
30,429