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Schedule IV - Mortgage Loans on Real Estate | 12 Months Ended
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Dec. 31, 2017
Notes to Financial Statements |
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, 2017
(in thousands)
Description |  | Interest Rate |  | Final Maturity Date | Periodic Payment Terms (a) |  | Prior Liens |  |  | Original Face Amount of Mortgages (b) |  |  | Carrying Amount of Mortgages (b) (c) |  |  | Principal Amount of Loans Subject to Delinquent Principal or Interest |
Mortgage Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Toronto, ON |  | 7.00% |  | May-18 | P& I |  | $ | - |  |  | $ | 5,319 |  |  | $ | 5,058 |  |  | $ | - |
Westport, CT |  | 6.50% |  | Mar-33 | I |  |  | - |  |  |  | 5,014 |  |  |  | 5,014 |  |  |  | - |
Las Vegas, NV |  | 12.00% |  | May-33 | I |  |  | - |  |  |  | 3,075 |  |  |  | 3,075 |  |  |  | - |
Miami, FL |  | 7.57% |  | Jun-19 | P& I |  |  | - |  |  |  | 3,966 |  |  |  | 1,919 |  |  |  | - |
Miami, FL |  | 7.57% |  | Jun-19 | P& I |  |  | - |  |  |  | 4,201 |  |  |  | 1,850 |  |  |  | - |
Miami, FL |  | 7.57% |  | Jun-19 | P& I |  |  | - |  |  |  | 3,678 |  |  |  | 1,775 |  |  |  | - |
Nonretail |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Oakbrook Terrace, IL |  | 6.00% |  | Dec-24 | I |  |  | - |  |  |  | 1,950 |  |  |  | 1,950 |  |  |  | - |
Individually < 3% (d) |  | (e) |  | (f) | P&I |  |  | - |  |  |  | 2,475 |  |  |  | 828 |  |  |  | - |
|  |  |  |  |  |  | $ | - |  |  | $ | 29,678 |  |  | $ | 21,469 |  |  | $ | - |
Other Financing Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonretail |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually < 3% |  | 2.28% |  | Apr-27 | P&I |  | $ | - |  |  | $ | 600 |  |  | $ | 369 |  |  | $ | - |
|  |  |  |  |  |  | $ | - |  |  | $ | 30,278 |  |  | $ | 21,838 |  |  | $ | - |
(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 was approximately $21.8 million as of December 31, 2017.
(d) | Comprised of three separate loans with original loan amounts ranging from $0.1 million to $0.4 million.
(e) | Interest rates range from 6.88% to 7.41%.
(f) | Maturity dates range from October 2019 to December 2030.
For a reconciliation of mortgage and other financing receivables from January 1, 2015 to December 31, 2017, see Footnote 10 of the Notes to Consolidated Financial Statements i ncluded 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.

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- Definition The entire disclosure for mortgage loans on real estate, this includes the supplemental information pertaining to each mortgage loan receivable that equals or exceeds three percent of the carrying amount of mortgages. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 948 -SubTopic 310 -URI http://asc.fasb.org/subtopic&trid=2176522 + Details
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