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Mortgage Loans on Real Estate | 12 Months Ended
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Dec. 31, 2018
Mortgage Loans On Real Estate [Abstract] |
Mortgage Loans on Real Estate | SCHEDULE IV SITE Centers Corp. Mortgage Loans on Real Estate December 31, 2018 (In thousands)
Description |  | Interest Rate |  |  | Final Maturity Date |  | Periodic Payment Terms(A) |  | Prior Liens(B) |  |  | Face Amount of Mortgages |  |  | Carrying Amount of Mortgages(C) |  |  | Principal Amount of Loans Subject to Delinquent Principal or Interest |
Mezzanine Loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Borrower A |  | 9.0% |  |  | Jun-23 |  | I |  | $ | 20,004 |  |  | $ | 7,500 |  |  | $ | 7,541 |  |  | $ | — |
Borrower B |  | 9.0% |  |  | Jun-19 |  | I |  |  | 43,544 |  |  |  | 12,040 |  |  |  | 12,134 |  |  |  | — |
|  |  |  |  |  |  |  |  |  |  | 63,548 |  |  |  | 19,540 |  |  |  | 19,675 |  |  |  | — |
Investments in and Advances to Joint Ventures |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Borrower C |  | 8.5% |  |  | Oct-21 |  | QI |  |  | 390,417 |  |  |  | 300,000 |  |  |  | 135,759 |  |  |  | — |
Borrower D |  | 8.5% |  |  | Dec-22 |  | QI |  |  | 163,387 |  |  |  | 82,634 |  |  |  | 54,132 |  |  |  | — |
|  |  |  |  |  |  |  |  |  | $ | 617,352 |  |  | $ | 402,174 |  |  | $ | 209,566 |  |  | $ | — |
(A) | I = Interest only; QI = Quarterly partial payment Interest only.
(B) | The first mortgage loans on certain properties are not held by the Company. Accordingly, the amounts of the prior liens for those properties at December 31, 2018, are estimated.
(C) | The aggregate cost for federal income tax purposes is $294.2 million. Carrying amount is net of applicable valuation allowance.
Changes in mortgage loans are summarized below (in thousands):
| For the Year Ended December 31, |
| 2018 |  |  | 2017 |  |  | 2016 |
Balance at beginning of period | $ | 297,451 |  |  | $ | 442,826 |  |  | $ | 437,144 |
Additions during period: |  |  |  |  |  |  |  |  |  |  |
New mortgage loans |  | — |  |  |  | — |  |  |  | 11,139 |
Interest |  | 20,807 |  |  |  | 28,116 |  |  |  | 36,499 |
Accretion of discount |  | — |  |  |  | 269 |  |  |  | 1,038 |
Deductions during period: |  |  |  |  |  |  |  |  |  |  |
Provision for loan loss reserve |  | (11,422 | ) |  |  | (61,000 | ) |  |  | — |
Collections of principal and interest |  | (97,270 | ) |  |  | (112,760 | ) |  |  | (42,994 | )
Balance at close of period | $ | 209,566 |  |  | $ | 297,451 |  |  | $ | 442,826 |

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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 three 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 http://asc.fasb.org/extlink&oid=6589523&loc=d3e617274-123014 + Details
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