CBL » Topics » NOTE 10. MORTGAGE NOTES RECEIVABLE

This excerpt taken from the CBL 8-K filed Jul 28, 2009.

NOTE 10. MORTGAGE NOTES RECEIVABLE

 

Mortgage notes receivable are collateralized by first mortgages, wrap-around mortgages on the underlying real estate and related improvements or by assignment of 100% of the partnership interests that own the real estate assets. Interest rates on notes receivable range from 2.2% to 10.0%, with a weighted average interest rate of 6.79% and 5.93% at December 31, 2008 and 2007, respectively. Maturities of notes receivable range from October 2008 to January 2047. The mortgage note receivable with a maturity date of October 2008 has a carrying amount of $8,024 and bears interest at a rate of 9.0%. This receivable is currently being renegotiated and it is anticipated that the Company will obtain ownership of the land securing the note and will ground lease the land to the current mortgagee.

 

These excerpts taken from the CBL 10-K filed Mar 2, 2009.

NOTE 10. MORTGAGE NOTES RECEIVABLE

          Mortgage notes receivable are collateralized by first mortgages, wrap-around mortgages on the underlying real estate and related improvements or by assignment of 100% of the partnership interests that own the real estate assets. Interest rates on notes receivable range from 2.2% to 10.0%, with a weighted average interest rate of 6.79% and 5.93% at December 31, 2008 and 2007, respectively. Maturities of notes receivable range from October 2008 to January 2047. The mortgage note receivable with a maturity date of October 2008 has a carrying amount of $8,024 and bears interest at a rate of 9.0%. This receivable is currently being renegotiated and it is anticipated that the Company will obtain ownership of the land securing the note and will ground lease the land to the current mortgagee.

NOTE 10. MORTGAGE NOTES RECEIVABLE



          Mortgage notes receivable are collateralized by first mortgages, wrap-around mortgages on the underlying real estate and related improvements or by assignment of 100% of the partnership interests that own the real estate assets. Interest rates on notes receivable range from 2.2% to 10.0%, with a weighted average interest rate of 6.79% and 5.93% at December 31, 2008 and
2007, respectively. Maturities of notes receivable range from October 2008 to January 2047. The mortgage note receivable with a maturity date of October 2008 has a carrying amount of $8,024 and bears interest at a rate of 9.0%. This receivable is currently being renegotiated and it is anticipated that the Company will obtain ownership of the land securing the note and will ground lease the land to the current mortgagee.



This excerpt taken from the CBL 8-K filed Dec 12, 2008.

NOTE 11. MORTGAGE NOTES RECEIVABLE

 

Mortgage notes receivable are collateralized by first mortgages, wrap-around mortgages on the underlying real estate and related improvements or by assignment of 100% of the partnership interests that own the real estate assets. Interest rates on notes receivable range from 5.0% to 10.0%, with a weighted average interest rate of 5.93% and 7.33% at December 31, 2007 and 2006, respectively. Maturities of notes receivable range from February 2008 to January 2047.

 

These excerpts taken from the CBL 10-K filed Mar 3, 2008.

NOTE 11. MORTGAGE NOTES RECEIVABLE

 

Mortgage notes receivable are collateralized by first mortgages, wrap-around mortgages on the underlying real estate and related improvements or by assignment of 100% of the partnership interests that own the real estate assets. Interest rates on notes receivable range from 5.0% to 10.0%, with a weighted average interest rate of 5.93% and 7.33% at December 31, 2007 and 2006, respectively. Maturities of notes receivable range from February 2008 to January 2047.

 

NOTE
11. MORTGAGE NOTES RECEIVABLE



 




Mortgage notes receivable are collateralized by first mortgages,
wrap-around mortgages on the underlying real estate and related improvements or by
assignment of 100% of the partnership interests that own the real estate assets.
Interest rates on notes receivable range from 5.0% to 10.0%, with a weighted average
interest rate of 5.93% and 7.33% at December 31, 2007 and 2006, respectively.
Maturities of notes receivable range from February 2008 to January 2047.



 



These excerpts taken from the CBL 10-K filed Feb 29, 2008.

NOTE 11. MORTGAGE NOTES RECEIVABLE

 

Mortgage notes receivable are collateralized by first mortgages, wrap-around mortgages on the underlying real estate and related improvements or by assignment of 100% of the partnership interests that own the real estate assets. Interest rates on notes receivable range from 5.0% to 10.0%, with a weighted average interest rate of 5.93% and 7.33% at December 31, 2007 and 2006, respectively. Maturities of notes receivable range from February 2008 to January 2047.

 

NOTE
11. MORTGAGE NOTES RECEIVABLE



 




Mortgage notes receivable are collateralized by first mortgages,
wrap-around mortgages on the underlying real estate and related improvements or by
assignment of 100% of the partnership interests that own the real estate assets.
Interest rates on notes receivable range from 5.0% to 10.0%, with a weighted average
interest rate of 5.93% and 7.33% at December 31, 2007 and 2006, respectively.
Maturities of notes receivable range from February 2008 to January 2047.



 



This excerpt taken from the CBL 10-K filed Mar 1, 2007.

NOTE 11. MORTGAGE NOTES RECEIVABLE

 

Mortgage notes receivable are collateralized by first mortgages, wrap-around mortgages on the underlying real estate and related improvements or by assignment of 100% of the partnership interests that own the real estate assets. Interest rates on notes receivable range from 5.0% to 10.0%, with a weighted average interest rate of 7.33% and 6.68% at December 31, 2006 and 2005, respectively. Maturities of notes receivable range from February 2007 to January 2047.

 

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