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Schedule IV-Mortgage Loans on Real Estate | 12 Months Ended
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Dec. 31, 2012
Mortgage Loans on Real Estate [Abstract] |
Schedule IV—Mortgage Loans on Real Estate | iStar Financial Inc. Schedule IV—Mortgage Loans on Real Estate As of December 31, 2012 ($ in thousands)
Type of Loan/Borrower |  | Underlying Property Type |  | Contractual Interest Accrual Rates |  | Contractual Interest Payment Rates |  | Effective Maturity Dates |  | Periodic Payment Terms |  | Prior Liens |  | Face Amount of Mortgages |  | Carrying Amount of Mortgages(1)(2)
Senior Mortgages: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Borrower A |  | Mixed Use/Mixed Collateral |  | LIBOR + 3.3% |  | LIBOR + 3.3% |  | October 2013 |  | IO |  | $ | — |  |  | $ | 99,725 |  |  | $ | 99,730 |
Borrower B |  | Condominium |  | LIBOR + 3.5% |  | LIBOR + 3.5% |  | May 2013 |  | IO |  | — |  |  | 96,997 |  |  | 98,055 |
Borrower C(3) |  | Entertainment/Leisure |  | 17% |  | 17% |  | April 2009 |  | IO |  | — |  |  | 221,358 |  |  | 74,541 |
Borrower D(4) |  | Land |  | LIBOR + 3.5% |  | LIBOR + 3.5% |  | May 2009 |  | IO |  | — |  |  | 71,480 |  |  | 62,248 |
Borrower E(5) |  | Condominium |  | LIBOR + 4% |  | LIBOR + 4% |  | December 2013 |  | IO |  | — |  |  | 59,338 |  |  | 59,474 |
Borrower F(6) |  | Land |  | LIBOR + 3.5% |  | 0% |  | June 2010 |  | IO |  | — |  |  | 137,807 |  |  | 56,087 |
Borrower G(7) |  | Hotel |  | LIBOR + 4.25% |  | LIBOR + 4.25% |  | June 2014 |  | P&I |  | — |  |  | 55,830 |  |  | 55,816 |
Borrower H(8) |  | Industrial/R&D |  | LIBOR + 1.5% |  | LIBOR + 1.5% |  | December 2014 |  | IO |  | — |  |  | 54,596 |  |  | 51,705 |
Borrower I |  | Land |  | LIBOR + 7% |  | LIBOR + 7% |  | June 2013 |  | IO |  | — |  |  | 46,910 |  |  | 47,666 |
Senior mortgages individually <3% |  | Condominium, Retail, Land, Industrial/R&D, Mixed Use/Mixed Collateral, Office, Hotel, Entertainment/Leisure, Other |  | Fixed: 4% to 23% Variable: LIBOR + 1.5% to LIBOR + 8.25% |  | Fixed: 2.5% to 10% Variable: LIBOR + 0.5% to LIBOR + 8.25% |  | 2013 to 2024 |  |  |  |  |  |  | 902,836 |  |  | 703,173 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 1,746,877 |  |  | $ | 1,308,495 |
Subordinate Mortgages: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subordinate mortgages individually <3% |  | Retail, Mixed Use/Mixed Collateral, Office, Hotel, Other |  | Fixed: 5% to 14% Variable: LIBOR + 3.98% to LIBOR + 3.98% |  | Fixed: 6.5% to 10.5% Variable: LIBOR + 3.98% to LIBOR + 3.98% |  | 2013 to 2018 |  |  |  |  |  |  | $ | 152,011 |  |  | $ | 113,159 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 152,011 |  |  | $ | 113,159 |
Total mortgages |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 1,898,888 |  |  | $ | 1,421,654 |
Explanatory Notes: _______________________________________________________________________________
(1) | Amounts are presented net of asset-specific reserves of $482.3 million on impaired loans. Impairment is measured using the estimated fair value of collateral, less costs to sell.
(2) | The carrying amount of mortgages approximated the federal income tax basis.
(3) | Loan is in default with $221.4 million of principal that is more than 90 days delinquent. Loan is designated as non-performing and is on non-accrual status.
(4) | Loan is in default with $71.5 million of principal that is more than 90 days delinquent. Loan is designated as non-performing and is on non-accrual status. As of December 31, 2012, included a LIBOR interest rate floor of 3.5%.
(5) | As of December 31, 2012, included a LIBOR interest rate floor of 4.0%.
(6) | Loan is in default with $137.8 million of principal that is more than 90 days delinquent. Loan is designated as non-performing and is on non-accrual status.
(7) | Loan is in default with interest payments that are more than 90 days delinquent. Loan is designated as non-performing and is on non-accrual status.
(8) | As of December 31, 2012, included a LIBOR interest rate floor of 3.88%.
iStar Financial Inc. Schedule IV—Mortgage Loans on Real Estate (Continued) As of December 31, 2012 ($ in thousands) Reconciliation of Mortgage Loans on Real Estate: The following table reconciles Mortgage Loans on Real Estate from January 1, 2010 to December 31, 2012 (1):
| 2012 |  | 2011 |  | 2010
Balance at January 1 | $ | 2,449,554 |  |  | $ | 4,012,067 |  |  | $ | 6,662,379 |
Additions: |  |  |  |  |
New mortgage loans | 2,205 |  |  | 20,000 |  |  | — |
Additions under existing mortgage loans | 29,887 |  |  | 82,598 |  |  | 326,093 |
Other(2) | 33,324 |  |  | 32,922 |  |  | 48,493 |
Deductions(3): |  |  |  |  |
Collections of principal | (700,943 | ) |  | (1,047,943 | ) |  | (2,004,129 | )
Provision for loan losses | (121,869 | ) |  | (93,187 | ) |  | (291,905 | )
Transfers to real estate and equity investments | (270,359 | ) |  | (556,753 | ) |  | (728,559 | )
Amortization of premium | (145 | ) |  | (150 | ) |  | (305 | )
Balance at December 31 | $ | 1,421,654 |  |  | $ | 2,449,554 |  |  | $ | 4,012,067 |
Explanatory Notes: _______________________________________________________________________________
(1) | Balances represent the carrying value of loans, which are net of asset specific reserves.
(2) | Amount includes amortization of discount, deferred interest capitalized and mark-to-market adjustments resulting from changes in foreign exchange rates.
(3) | Amounts are presented net of charge-offs of $106.9 million, $214.0 million and $804.7 million for the years ended December 31, 2012, 2011 and 2010, respectively.

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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 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-29) -URI http://asc.fasb.org/extlink&oid=6589523&loc=d3e617274-123014 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04.(c) Schedule IV) -URI http://asc.fasb.org/extlink&oid=6882300&loc=d3e5864-122674 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 29 -Article 12 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Subparagraph Schedule IV -Article 5 + Details
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