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Mortgage Loans On Real Estate
 12 Months Ended
Dec. 31, 2014
Mortgage Loans On Real Estate [Abstract]  
Mortgage Loans On Real Estate

Schedule IV – Mortgage Loans on Real Estate

BBX Capital Corporation

As of December 31, 2014

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Principal

 

 

 

 

 

 

 

 

 

 

Amount of

 

 

 

 

 

 

 

 

 

 

Loans Subject

Number

 

 

 

Final

Periodic

 

 

Face

Carrying

to Delinquent

of

 

 

Interest

Maturity

Payment

 

Prior

Amount of

Amount of

Principal

Loans

Description

 

Rate (1)

Date (2)

Terms

 

Liens

Loans

Loans (3)

or Interest

 

 

 

 

 

 

 

 

 

 

 
136 

First-lien 1-4 Family (4)

 
5.69% 

3/3/2034

Monthly

$

 -
43,308 
27,330 
35,694 

 

 

 

 

 

 

 

 

 

 

 
34 

Second lien -Consumer held-for-investment

 
3.73% 

8/31/2015

Monthly

 
5,545 
3,868 
2,306 
2,990 

 

 

 

 

 

 

 

 

 

 

 
55 

Second lien -Consumer

 
3.17% 

11/18/2016

Monthly

 
10,717 
5,376 
2,351 
75 

 

 

 

 

 

 

 

 

 

 

 
28 

Small Business Real Estate

 
6.61% 

1/15/2021

Monthly

 

 -
6,074 
5,053 
236 

 

 

 

 

 

 

 

 

 

 

 
5 

Commercial Real Estate held-for-investment

 
11.88% 

8/25/2015

Monthly

 

 -
8,604 
3,479 
1,473 

 

 

 

 

 

 

 

 

 

 

 

 

Large Balance Commercial Real Estate Loans

 

 

 

 

 

 

 

 

 
1 

Land

 
5.00% 

9/30/2015

Monthly

 

 -
1,963 
1,963 

 -
1 

Retail

 
7.00% 

6/20/2018

Monthly

 

 -
2,112 
2,113 

 -
1 

Shopping Center

 
7.00% 

9/1/2015

Monthly

 

 -
2,180 
2,180 

 -
1 

Marina

 
1.91% 

1/1/2018

Monthly

 

 -
4,750 
2,393 

 -
1 

Apartment building

 
5.00% 

6/1/2017

Monthly

 

 -
8,698 
4,098 

 -
1 

Residential

 
5.75% 

5/1/2016

Monthly

 
753 
3,979 
3,979 

 -
1 

Land

 
4.00% 

12/31/2016

Maturity

 

 -
3,985 
3,985 

 -

 

Total Mortgage Loans

 

 

 

 

$
17,462 
94,897 
61,230 
40,468 

 

 

(1)  Represents weighted average interest rates for mortgage loans grouped by category where there is more than one loan in the category.

 

(2)  Represents weighted average maturity dates for mortgage loans grouped by category where there is more than one loan in a category.

 

(3)  The aggregate cost for federal income tax purposes was $64.4 million.

 

(4)  The Company does not own the servicing on these loans.

 

 

The following table presents the changes in the Company’s mortgage loans for the year ended December 31, 2014 (in thousands):

 

 

 

 

 

 

 

 

Balance at December 31, 2013

$
122,414 

Advances on existing mortgages

 
650 

Collections of principal

 
(31,581)

Foreclosures

 
(21,364)

Costs of mortgages sold

 
(8,889)

Balance at December 31, 2014

$
61,230