HCP, INC. | 2013 | FY | 3


 

 

Final
Maturity
Date
  Number
of
Loans
  Payment Terms   Principal
Amount
  Carrying
Amount
 
 
   
   
  (in thousands)
 
2016     4 (1) aggregate monthly interest-only payments of $0.5 million, accrues interest at 8.5% and secured by four senior housing facilities located in Tennessee, Maryland, Pennsylvania and Texas     70,615     77,094  

2016

 

 

1

 

monthly interest-only payments of $0.2 million, accrues interest at 6.4%, and secured by five senior housing facilities located in Arizona, Minnesota and Texas

 

 

30,220

 

 

30,220

 

2017

 

 

2

(1)

aggregate monthly interest-only payments of $0.2 million, accrues interest at 8.25%, and secured by two senior housing facilities in New Jersey and Pennsylvania

 

 

33,045

 

 

34,395

 

2018

 

 

1

(1)

monthly interest-only payments of $37,000, accrues interest at 8.00% and secured by a senior housing facility located in Pennsylvania

 

 

5,799

 

 

5,960

 
                   
      8       $ 139,679   $ 147,669  
                   
                   

(1)
Represents commitments to fund an aggregate of $141 million for seven senior housing development projects.

    


hcp:MortgageLoansOnRealEstateScheduleTableTextBlock

  The following table summarizes the Company's loans receivable (in thousands):

 
  December 31,  
 
  2013   2012  
 
  Real Estate
Secured
  Other
Secured
  Total   Real Estate
Secured
  Other
Secured
  Total  

Mezzanine

  $   $ 234,455   $ 234,455   $   $ 145,150   $ 145,150  

Other

    147,669         147,669     147,264         147,264  

Unamortized discounts, fees and costs

        (2,713 )   (2,713 )       (2,974 )   (2,974 )

Allowance for loan losses

        (13,410 )   (13,410 )       (13,410 )   (13,410 )
                           

 

  $ 147,669   $ 218,332   $ 366,001   $ 147,264   $ 128,766   $ 276,030  
                           
                           

us-gaap:ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock