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Schedule IV-Mortgage Loans on Real Estate | 12 Months Ended
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Dec. 31, 2013
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, 2013 ($ 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% |  | April 2014 |  | IO |  | $ | — |  |  | $ | 92,446 |  |  | $ | 92,518 |
Borrower B(3) |  | Entertainment/Leisure |  | 17% |  | 17% |  | April 2009 |  | IO |  | — |  |  | 224,223 |  |  | 77,427 |
Borrower C |  | Apartment/Residential |  | LIBOR + 5.25% |  | LIBOR + 5.25% |  | May 2014 |  | IO |  | — |  |  | 66,502 |  |  | 67,263 |
Borrower D(4) |  | Industrial/R&D |  | LIBOR + 4.5% |  | LIBOR + 4.5% |  | December 2014 |  | IO |  | — |  |  | 65,931 |  |  | 64,497 |
Borrower E(5) |  | Land |  | LIBOR + 3.5% |  | LIBOR + 3.5% |  | January 2014 |  | IO |  | — |  |  | 58,175 |  |  | 53,569 |
Borrower F(6) |  | Land |  | LIBOR + 1.75% |  | LIBOR + 1.75% |  | August 2012 |  | IO |  | — |  |  | 75,000 |  |  | 30,808 |
Borrower G(7) |  | Retail |  | LIBOR + 3% |  | LIBOR + 3% |  | July 2009 |  | IO |  | — |  |  | 48,358 |  |  | 26,553 |
Borrower H |  | Retail |  | 8% |  | 8% |  | April 2017 |  | P&I |  | — |  |  | 26,414 |  |  | 26,450 |
Borrower I(8) |  | Land |  | LIBOR + 5.58% |  | LIBOR + 5.58% |  | July 2009 |  | IO |  | — |  |  | 50,000 |  |  | 26,231 |
Borrower J |  | Apartment/Residential |  | 8% |  | 5% |  | December 2014 |  | IO |  | — |  |  | 26,043 |  |  | 26,092 |
Senior mortgages individually <3% |  | Apartment/Residential, Retail, Land, Industrial/R&D, Mixed Use/Mixed Collateral, Office, Hotel, Entertainment/Leisure, Other |  | Fixed: 4% to 13% Variable: LIBOR + 1.5% to LIBOR + 7% |  | Fixed: 4% to 10% Variable: LIBOR + 0.5% to LIBOR + 7% |  | 2014 to 2024 |  |  |  |  |  |  | 335,692 |  |  | 275,709 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 1,068,784 |  |  | $ | 767,117 |
Subordinate Mortgages: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Borrower K |  | Other |  | 8% |  | 8% |  | April 2015 |  | IO |  | $ | 100,000 |  |  | $ | 25,000 |  |  | $ | 24,962 |
Subordinate mortgages individually <3% |  | Retail, Mixed Use/Mixed Collateral, Hotel, Other |  | Fixed: 5% to 14% |  | Fixed: 8.12% to 14% |  | 2014 to 2018 |  |  |  |  |  |  | 35,694 |  |  | 35,717 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 60,694 |  |  | $ | 60,679 |
Total mortgages |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 1,129,478 |  |  | $ | 827,796 |
Explanatory Notes: _______________________________________________________________________________
(1) | Amounts are presented net of asset-specific reserves of $304.5 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 $224.2 million of principal that is more than 90 days delinquent. Loan is designated as non-performing and is on non-accrual status.
(4) | As of December 31, 2013, included a LIBOR interest rate floor of 3.88%.
(5) | As of December 31, 2013, included a LIBOR interest rate floor of 3.50%.
(6) | Loan is in default with $75.0 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 $48.4 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, 2013, included a LIBOR interest rate floor of 4.0%.
(8) | Loan is in default with $50.0 million of principal that is more than 90 days delinquent. Loan is designated as non-performing and is on non-accrual status.
iStar Financial Inc. Schedule IV—Mortgage Loans on Real Estate (Continued) As of December 31, 2013 ($ in thousands) Reconciliation of Mortgage Loans on Real Estate: The following table reconciles Mortgage Loans on Real Estate from January 1, 2011 to December 31, 2013(1):
| 2013 |  | 2012 |  | 2011
Balance at January 1 | $ | 1,421,654 |  |  | $ | 2,449,554 |  |  | $ | 4,012,067 |
Additions: |  |  |  |  |
New mortgage loans | 19,249 |  |  | 2,205 |  |  | 20,000 |
Additions under existing mortgage loans | 31,589 |  |  | 29,887 |  |  | 82,598 |
Other(2) | 16,385 |  |  | 33,324 |  |  | 32,922 |
Deductions(3): |  |  |  |  |
Collections of principal | (636,883 | ) |  | (700,943 | ) |  | (1,047,943 | )
Recovery of (provision for) loan losses | 25,011 |  |  | (121,869 | ) |  | (93,187 | )
Transfers to real estate and equity investments | (49,100 | ) |  | (270,359 | ) |  | (556,753 | )
Amortization of premium | (109 | ) |  | (145 | ) |  | (150 | )
Balance at December 31 | $ | 827,796 |  |  | $ | 1,421,654 |  |  | $ | 2,449,554 |
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 $152.8 million, $106.9 million and $214.0 million for the years ended December 31, 2013, 2012 and 2011, 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 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04.(c) Schedule IV) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 29 -Article 12 Reference 3: 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 Reference 4: 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 + Details
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