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Schedule IV - Mortgage Loans on Real Estate
12 Months Ended
Dec. 31, 2014
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, 2014


(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

Various, Mexico

    TIIE rate + 3.25%       TIIE rate + 3.25%  

8/16/2015

P& I

    -     $ 34,268     $ 34,268  

Borrower B

Retail

Various, Mexico

    Libor + 2.5%       Libor + 2.5%  

8/16/2015

P& I

    -       15,000       15,000  

Borrower C

Retail

Westport, CT

    6.50 %     6.50 %

3/4/2033

I

    -       5,014       5,014  

Borrower D

Retail

Las Vegas, NV

    12.00 %     12.00 %

5/14/2033

I

    -       3,075       3,075  

Borrower E

NonRetail

Toronto, ON

    7.00 %     7.00 %

3/28/2018

P& I

    -       3,513       2,972  

Borrower F

Retail

Mexicali, Mexico

    7.00 %     7.00 %

6/16/2015

I

    -       2,718       2,718  

Borrower G

Retail

Miami, FL

    7.57 %     7.57 %

6/1/2019

P& I

    -       4,201       2,363  

Borrower H

Retail

Miami, FL

    7.57 %     7.57 %

6/1/2019

P& I

    -       3,966       2,355  
                                                 

Individually < 3%

(d)

   

(e)

   

(e)

 

(f)

    -       8,550       5,754  
                                      80,305       73,519  

Other:

                                               
                                                 

Individually < 3%

     

(g)

   

(g)

 

(h)

            600       483  
                                                 

Capitalized loan costs

                                -       11  
                                                 

Total

                              $ 80,905     $ 74,013  

(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 $74.0 million


(d) Comprised of six separate loans with original loan amounts ranging between $0.3 million and $2.2 million


(e) Interest rates range from 6.00% to 9.0%


(f) Maturity dates range from 4.5 years to 11.75 years


(g) Interest rate 2.28%


(h) Maturity date 4/1/2027


For a reconcilition of mortgage and other financing receivables from January 1, 2012 to December 31, 2014 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.