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Schedule IV - Mortgage Loans on Real Estate
12 Months Ended
Dec. 31, 2015
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, 2015


(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   Toronto, ON     5.00 %     5.00 %

7/31/2017

 

P& I

    -     $ 5,730     $ 5,333  

Borrower B

  Retail   Westport, CT     6.50 %     6.50 %

3/4/2033

 

I

    -       5,014       5,014  

Borrower C

  Retail   Las Vegas, NV     12.00 %     12.00 %

5/14/2033

 

I

    -       3,075       3,075  

Borrower D

  Retail   Miami, FL     7.57 %     7.57 %

6/1/2019

 

P& I

    -       3,966       2,224  

Borrower E

  Retail   Miami, FL     7.57 %     7.57 %

6/1/2019

 

P& I

    -       4,201       2,207  

Borrower F

  Retail   Miami, FL     7.57 %     7.57 %

6/1/2019

 

P& I

    -       3,678       2,058  

Borrower G

  NonRetail   Oakbrook Terrrace, IL     6.00 %     6.00 %

12/9/2024

 

I

    -       1,950       1,950  
                                                       
Individually < 3%   (d)         (e)       (e)   (f)         -       2,922       1,511  
                                            30,536       23,372  

Other:

                                                     
                                                       

Individually < 3%

         

(g)

   

(g)

 

(h)

            600       444  
                                                       

Capitalized loan costs

                                          -       8  
                                                       

Total

                                        $ 31,136     $ 23,824  

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

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

(c) The aggregate cost for Federal income tax purposes is $23.8 million

(d) Comprised of four separate loans with original loan amounts ranging between $0.2 million and $0.4 million

(e) Interest rates range from 1.10% to 2.02%

(f) Maturity dates range from 3.8 years to 14.9 years

(g) Interest rate 2.28%

(h) Maturity date 4/1/2027


For a reconcilition of mortgage and other financing receivables from January 1, 2013 to December 31, 2015 see Footnote 10 of the Notes to Consolidated Financial Statements included in this Form 10-K.


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.