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Schedule IV - Mortgage Loans on Real Estate
12 Months Ended
Dec. 31, 2013
Mortgage Loans on Real Estate [Abstract]  
Mortgage Loans on Real Estate, by Loan Disclosure [Text Block]

KIMCO REALTY CORPORATION AND SUBSIDIARIES


Schedule IV - Mortgage Loans on Real Estate


As of December 31, 2013


(in thousands)


Type of Loan/Borrower

Description

Location (c)

Interest Accrual Rates

Interest Payment Rates

Final Maturity Date

Periodic Payment Terms (a)

Prior Liens

Face Amount of Mortgages or Maximum Available Credit (b)

Carrying Amount of Mortgages (b) (c)

                   

Mortgage Loans:

                 

Borrower A

Retail

Westport, CT

6.50%

6.50%

3/4/2033

I

-

$ 5,014

$ 5,014

Borrower B

Retail

Miami, FL

7.57%

7.57%

6/1/2019

P& I

-

6,509

3,556

Borrower C

NonRetail

Toronto, ON

7.00%

7.00%

3/28/2018

P& I

-

3,513

3,285

Borrower D

Retail

Las Vegas, NV

10.00%

10.00%

5/14/2033

I

-

3,075

3,075

Borrower E

Retail

Arboledas, Mexico

8.75%

8.75%

5/16/2014

P& I

-

13,000

2,931

Borrower F

Retail

Miami, FL

7.57%

7.57%

6/1/2019

P& I

-

4,201

2,504

Borrower G

Retail

Miami, FL

7.57%

7.57%

6/1/2019

P& I

-

3,966

2,476

Borrower H

Retail

Miami, FL

7.57%

7.57%

6/1/2019

P& I

-

3,678

2,293

Borrower I

NonRetail

Oakbrook Terrrace, IL

6.00%

6.00%

12/9/2024

I

-

1,950

1,950

Individually < 3%

(d)

 

(e)

(e)

(f)

 

-

4,872

2,631

               

49,778

29,715

Other:

                 
                   

Individually < 3%

   

(g)

(g)

(h)

   

600

515

                   

Capitalized loan costs

             

-

13

                   

Total

             

$ 50,378

$ 30,243


 
 

(a) I = Interest only; P&I = Principal & Interest

(b) The instruments actual cash flows are denominated in U.S. dollars, Canadian dollars and Mexican pesos as indicated by the geographic location above

(c) The aggregate cost for Federal income tax purposes is $30.2 million

(d) Comprised of six separate loans with original loan amounts ranging between $0.4 million and $1.5 million

(e) Interest rates range from 6.88% to 10.00%

(f) Maturity dates range from 11 months to 17 years

(g) Interest rate 2.28%

(h) Maturity date 4/1/2027


For a reconcilition of mortgage and other financing receivables from January 1, 2011 to December 31, 2013 see Note 10 of the Notes to Consolidated Financial Statements included in this annual report of Form 10K.


The Company feels it is not practicable to estimate the fair value of each receivable as quoted market prices are not available.


The cost of obtaining an independent valuation on these assets is deemed excessive considering the materiality of the total receivables.