CSE » Topics » Mortgage Debt

These excerpts taken from the CSE 10-Q filed May 11, 2009.
Mortgage Debt
 
As of March 31, 2009 and December 31, 2008, the outstanding balance of our mortgage debt was $329.0 million and $330.3 million, respectively. In April 2009, we obtained the first of our three optional one-year extensions to our senior and mezzanine mortgage loans resulting in the extension of the maturity of both loans from April 2009 to April 2010.
 
Mortgage Debt
 
As of March 31, 2009 and December 31, 2008, the outstanding balance of our mortgage debt was $329.0 million and $330.3 million, respectively. For further information on our mortgage debt, see Note 12, Borrowings, in our accompanying consolidated financial statements for the three months ended March 31, 2009, and Note 13, Borrowings, in our audited consolidated financial statements for the year ended December 31, 2008, included in our Form 10-K.
 
These excerpts taken from the CSE 10-K filed Mar 2, 2009.
Mortgage Debt
 
For our Healthcare Net Lease segment, we use mortgage loans to finance some of our direct real estate investments. As of December 31, 2008, the outstanding balance of our mortgage debt was $330.3 million. For further information on such mortgage loans, see Note 13, Borrowings, in our accompanying audited consolidated financial statements for the year ended December 31, 2008.
 
Mortgage Debt
 
For our Healthcare Net Lease segment, we use mortgage loans to finance some of our direct real estate investments. As of December 31, 2008, the outstanding balance of our mortgage debt was $330.3 million. For further information on such mortgage loans, see Note 13, Borrowings, in our accompanying audited consolidated financial statements for the year ended December 31, 2008.
 
Mortgage Debt
 
We use mortgage loans to finance certain of our direct real estate investments. We had mortgage debt totaling $330.3 million and $341.1 million as of December 31, 2008 and 2007, respectively. As of December 31, 2008, our mortgage debt comprised a senior $239.0 million loan, $35.3 million mezzanine loan and 11 mortgage loans totaling $56.0 million guaranteed by HUD and collateralized by 11 of our healthcare investment properties. The interest rate under the senior loan is one-month LIBOR plus 1.54%, and the interest rate under the mezzanine loan is one-month LIBOR plus 4% and the weighted average interest rate on our mortgage loans is 6.61%.
 
We exercised the first of three one-year extensions to the senior and mezzanine loans in September 2008 extending the maturity of both loans from April 9, 2009 to April 9, 2010. The master servicer acknowledged and agreed to the extension in February 2009, subject to our compliance with the terms of the loan documents as of April 9, 2009.
 
Mortgage Debt
 
We use mortgage loans to finance certain of our direct real estate investments. We had mortgage debt totaling $330.3 million and $341.1 million as of December 31, 2008 and 2007, respectively. As of December 31, 2008, our mortgage debt comprised a senior $239.0 million loan, $35.3 million mezzanine loan and 11 mortgage loans totaling $56.0 million guaranteed by HUD and collateralized by 11 of our healthcare investment properties. The interest rate under the senior loan is one-month LIBOR plus 1.54%, and the interest rate under the mezzanine loan is one-month LIBOR plus 4% and the weighted average interest rate on our mortgage loans is 6.61%.
 
We exercised the first of three one-year extensions to the senior and mezzanine loans in September 2008 extending the maturity of both loans from April 9, 2009 to April 9, 2010. The master servicer acknowledged and agreed to the extension in February 2009, subject to our compliance with the terms of the loan documents as of April 9, 2009.
 
This excerpt taken from the CSE 10-Q filed Nov 10, 2008.
Mortgage Debt
 
For our Healthcare Net Lease segment, we use mortgage loans to finance certain of our direct real estate investments. As of September 30, 2008, the outstanding balance of our mortgage debt was $331.7 million.
 
This excerpt taken from the CSE 10-Q filed Aug 11, 2008.
Mortgage Debt
 
For our Healthcare Net Lease segment, we use mortgage loans to finance certain of our direct real estate investments. As of June 30, 2008, the outstanding balance of our mortgage debt was $333.0 million.
 
This excerpt taken from the CSE 10-Q filed May 12, 2008.
Mortgage Debt
 
For our Healthcare Net Lease segment, we use mortgage loans to finance certain of our direct real estate investments. As of March 31, 2008, the outstanding balance of our mortgage debt was $283.3 million.
 
These excerpts taken from the CSE 10-K filed Feb 29, 2008.
Mortgage Debt
 
We use mortgage loans to finance certain of our direct real estate investments. We had mortgage debt totaling $284.4 million and $287.2 million as of December 31, 2007 and 2006, respectively. As of December 31, 2007, our mortgage debt comprised a senior $248.4 million loan and a $36.0 million mezzanine loan. Both loans mature on April 9, 2009. The interest rate under the senior loan is one-month LIBOR plus 1.54%, and the interest rate under the mezzanine loan is one-month LIBOR plus 4%.


121


 

 
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
 
Mortgage
Debt



 



We use mortgage loans to finance certain of our direct real
estate investments. We had mortgage debt totaling
$284.4 million and $287.2 million as of
December 31, 2007 and 2006, respectively. As of
December 31, 2007, our mortgage debt comprised a senior
$248.4 million loan and a $36.0 million mezzanine
loan. Both loans mature on April 9, 2009. The interest rate
under the senior loan is one-month LIBOR plus 1.54%, and the
interest rate under the mezzanine loan is one-month LIBOR plus
4%.





121





 





 




NOTES TO
THE CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)


 




This excerpt taken from the CSE 10-Q filed Nov 9, 2007.
Mortgage Debt
 
We use mortgage loans to finance certain of our direct real estate investments. For further information on such mortgage loans, see Note 10, Borrowings, in our accompanying unaudited consolidated financial statements for the three and nine months ended September 30, 2007.
 
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