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Schedule IV - Mortgage Loans on Real Estate
 12 Months Ended
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.