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Schedule IV - MORTGAGE NOTES RECEIVABLE ON REAL ESTATE
 12 Months Ended
Dec. 31, 2015
Mortgage Loans on Real Estate [Abstract]  
Schedule IV - MORTGAGE NOTES RECEIVABLE ON REAL ESTATE
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Schedule IV
 
CBL & ASSOCIATES PROPERTIES, INC.
CBL & ASSOCIATES LIMITED PARTNERSHIP
MORTGAGE NOTES RECEIVABLE ON REAL ESTATE
At December 31, 2015
(In thousands)
Name Of Center/Location
 
Interest
Rate
 
Final Maturity Date
 
Monthly
Payment
Amount (1)
 
Balloon Payment
At
Maturity
 
Prior
Liens
 
Face
Amount Of
Mortgage
 
Carrying
Amount Of
Mortgage (2)
 
Principal
Amount Of
Mortgage
Subject To
Delinquent
Principal
Or Interest
FIRST MORTGAGES:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Columbia Place Outparcel
 
5.00
%
 
 
Feb-22
 
$
3

(3
)
 
 
$
342

 
None
 
$
360

 
$
342

 
$
—

One Park Place - Chattanooga, TN
 
5.00
%
 
 
May-2022
 
21

 
 
 
—

 
None
 
3,200

 
1,369

 
—

Village Square - Houghton Lake, MI and Village at Wexford - Cadillac, MI
 
3.50
%
 
 
Mar-2016
 
8

(3
)

 
1,685

 
None
 
2,627

 
1,685

 
—

OTHER
 
2.93% -
9.50%

(4)
 
 Dec-2016/
 Jan-2047
 
20

 

 
 
4,380

 
 
 
4,656

 
4,380

 
—

 
 
 

 
 
 
 
$
52

 

 
 
$
6,407

 
 
 
$
10,843

 
$
7,776

 
$
—

 
(1)
Equal monthly installments comprised of principal and interest, unless otherwise noted.
(2)
The aggregate carrying value for federal income tax purposes was $7,776 at December 31, 2015.
(3)
Payment represents interest only.
(4)
Mortgage notes receivable aggregated in Other include a variable-rate note that bears interest at prime plus 2.0%, currently at 5.25%, and a variable-rate note that bears interest at LIBOR plus 2.50%.


The changes in mortgage notes receivable were as follows (in thousands):
 
 
Year Ended December 31,
 
2015
 
2014
 
2013
Beginning balance
$
9,323

 
$
19,120

 
$
19,383

Additions
—

 
360

 
—

Payments
(1,547
)
 
(10,157
)
 
(263
)
Ending balance
$
7,776

 
$
9,323

 
$
19,120