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Schedule IV - Mortgage Loans on Real Estate | 12 Months Ended
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Dec. 31, 2022
Notes to Financial Statements |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Text Block] |
KIMCO REALTY CORPORATION AND SUBSIDIARIES
SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE
As of December 31, 2022
(in thousands)
Description |  | Interest Rate |  |  | Final Maturity Date |  |  | Periodic Payment Terms (a) |  |  | Prior Liens |  |  | Original Face Amount of Mortgages |  |  | Carrying Amount of Mortgages (b) |  |  | Principal Amount of Loans Subject to Delinquent Principal or Interest |
Mortgage Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Lynwood, CA |  |  | 9.00 | % |  | Jun-25 |  |  | I |  |  | $ | - |  |  | $ | 16,463 |  |  | $ | 16,463 |  |  | $ | - |
Jacksonville, FL |  |  | 10.00 | % |  | Nov-26 |  |  | I |  |  |  | - |  |  |  | 15,000 |  |  |  | 15,000 |  |  |  | - |
San Antonio, TX |  |  | 12.50 | % |  | Sep-27 |  |  | I |  |  |  | - |  |  |  | 21,500 |  |  |  | 16,359 |  |  |  | - |
Fairfax, VA |  |  | 8.00 | % |  | May-29 |  |  | I |  |  |  | - |  |  |  | 14,000 |  |  |  | 14,000 |  |  |  | - |
Euless, TX |  |  | 10.00 | % |  | Jun-29 |  |  | I |  |  |  | - |  |  |  | 19,600 |  |  |  | 19,600 |  |  |  | - |
Las Vegas, NV |  |  | 12.00 | % |  | May-33 |  |  | I |  |  |  | - |  |  |  | 3,075 |  |  |  | 3,075 |  |  |  | - |
Las Vegas, NV |  |  | 7.00 | % |  | Oct-53 |  |  | I |  |  |  | - |  |  |  | 3,410 |  |  |  | 3,410 |  |  |  | - |
Nonretail |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commack, NY |  |  | 7.41 | % |  | Oct-26 |  |  | P&I |  |  |  | - |  |  |  | 1,354 |  |  |  | 166 |  |  |  | - |
Melbourne, FL |  |  | 6.88 | % |  | Dec-30 |  |  | P&I |  |  |  | - |  |  |  | 500 |  |  |  | 206 |  |  |  | - |
Other Financing Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonretail |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Borrower A |  |  | 8.64 | % |  | Apr-23 |  |  | P&I |  |  |  | - |  |  |  | 175 |  |  |  | 35 |  |  |  | - |
Borrower B |  |  | 7.00 | % |  | Mar-31 |  |  | P&I |  |  |  | - |  |  |  | 397 |  |  |  | 345 |  |  |  | - |
Allowance for Credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  | - |  |  |  | - |  |  |  | (1,300 | ) |  |  | - |
|  |  |  |  |  |  |  |  |  |  |  |  |  | $ | - |  |  | $ | 95,474 |  |  | $ | 87,359 |  |  | $ | - |
(a) I = Interest only; P&I = Principal & Interest.
(b) The aggregate cost for Federal income tax purposes was approximately $87.3 million as of December 31, 2022.
For a reconciliation of mortgage and other financing receivables from January 1, 2020 to December 31, 2022, see Footnote 12 of the Notes to the 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.

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- Definition The entire disclosure for investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate. Includes, but is not limited to, information for each mortgage loan receivable equaling or exceeding 3 percent of carrying amount of mortgage. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 29 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 948 -SubTopic 310 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-29) -URI https://asc.fasb.org/extlink&oid=120402547&loc=d3e617274-123014 + Details
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