Mortgage Loans on Real Estate

12 Months Ended

Dec. 31, 2016

Mortgage Loans On Real Estate [Abstract]

Mortgage Loans on Real Estate

SCHEDULE IV

DDR Corp.  

Mortgage Loans on Real Estate

December 31, 2016

(In Thousands)

Description	Interest Rate		Final Maturity Date	Periodic Payment Terms(A)	Prior Liens(B)		Face Amount of Mortgages		Carrying Amount of Mortgages		Principal Amount of Loans Subject to Delinquent Principal or Interest
Senior Loans
Retail
Borrower A		5.7%	Sep-17	P&I	$	—	$	33,000	$	30,431	$	—
Mezzanine Loans
Retail
Borrower B		9.0%	Jun-23	I		20,500		7,500		7,541		—
Borrower C		9.0%	Jun-19	I		42,500		12,040		11,516		—
						63,000		52,540		49,488		—
Investments in and Advances to Joint Ventures
Borrower D		8.5%	Oct-21	QI		1,032,510		300,000		318,641		—
Borrower E		8.5%	Dec-22	QI		232,688		82,634		74,697		—
					$	1,328,198	$	435,174	$	442,826	$	—

(A) P&I = Principal & Interest; I = Interest only; QI = Quarterly partial payment Interest only.  

(B) The first mortgage loans on certain properties are not held by the Company.  Accordingly, the amounts of the prior liens for those properties at December 31, 2016, are estimated.  

Changes in mortgage loans are summarized below (in thousands):

	For the Year Ended December 31,
	2016			2015			2014
Balance at beginning of period	$	437,144		$	357,754		$	143,989
Additions during period:
New mortgage loans		11,139			82,634			300,000
Interest		8,559			7,212			6,120
Accretion of discount		1,038			980			926
Deductions during period:
Provision for loan loss reserve		—			—			(500	)
Collections of principal and interest		(15,054	)		(11,436	)		(92,781	)
Balance at close of period	$	442,826		$	437,144		$	357,754