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Schedule IV - MORTGAGE NOTES RECEIVABLE ON REAL ESTATE
 12 Months Ended
Dec. 31, 2020
Mortgage Loans On Real Estate [Abstract]  
Schedule IV - MORTGAGE NOTES RECEIVABLE ON REAL ESTATE

Schedule IV

CBL & ASSOCIATES PROPERTIES, INC.

CBL & ASSOCIATES LIMITED PARTNERSHIP

(Debtors-In-Possession)

MORTGAGE NOTES RECEIVABLE ON REAL ESTATE

At December 31, 2020

(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:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

D'Iberville Promenade, LLC

 

2.64%

 

(3)

 

Dec-2016

 

 

$

—

 

 

$

1,100

 

 

None

 

$

1,100

 

 

$

1,100

 

 

$

1,100

 

 

(1)

Equal monthly installments comprised of principal and interest, unless otherwise noted.

(2)

The aggregate carrying value for federal income tax purposes was $1,100 at December 31, 2020.

(3)

This loan bears interest at LIBOR plus 2.50% and is in default at December 31, 2020. See Note 12 to the consolidated financial statements for additional information.

The changes in mortgage notes receivable were as follows (in thousands):

 

 

 

As of December 31,

 

 

 

2020

 

 

2019

 

 

2018

 

Beginning balance

 

$

2,637

 

 

$

4,884

 

 

$

5,418

 

Payments

 

 

(307

)

 

 

(2,247

)

 

 

(534

)

Write-Offs

 

 

(1,230

)

 

 

—

 

 

 

—

 

Ending balance

 

$

1,100

 

 

$

2,637

 

 

$

4,884