Annual report pursuant to Section 13 and 15(d)

Mortgage Loans On Real Estate

v3.19.3.a.u2
Mortgage Loans On Real Estate
12 Months Ended
Dec. 31, 2019
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]  
Mortgages Loans On Real Estate

MACK-CALI REALTY CORPORATION/MACK-CALI REALTY, L.P. AND SUBSIDIARIES

SCHEDULE IV – MORTGAGE LOANS ON REAL ESTATE

As of December 31, 2019

(in thousands)

Face Amount

of Mortgages or

Interest

Interest

Final

Periodic

Maximum

Carrying

Type of

Accrual

Payment

Maturity

Payment

Prior

Available

Amount of

Loan/Borrower

Description

Location

Rate

Rate

Date

Term (a)

Liens

Credit

Mortgages

Mortgage Loan:

Borrower A

Land

Jersey City, NJ

5.85

%

5.85

%

07/21/19

P&I

-

$

-

$

-

Total

$

-

$

-

(a) P&I = Principal & Interest at maturity

The following table reconciles mortgage loans from January 1, 2017 to December 31, 2019 (in thousands):

2019

2018

2017

Balance at January 1

$

45,242 

$

45,734 

$

-

Additions/(repayments)

New mortgage loan

-

-

44,695

Accrued interest

813

2,508

1,039

Repayments

(46,055)

(3,000)

-

Balance at December 31,

$

-

$

45,242

$

45,734