Quarterly report pursuant to Section 13 or 15(d)

Loans Payable (Tables)

v3.10.0.1
Loans Payable (Tables)
9 Months Ended
Sep. 30, 2018
Debt Disclosure [Abstract]  
Schedule of Loans Payable
The Company’s loans payable consist of the following (in thousands except monthly payment):
Property/Description
 
Monthly Payment
 
Interest
Rate
 
Maturity
 
September 30, 2018
 
December 31, 2017
 First National Bank Line of Credit
 
$
24,656

 
Libor + 350 basis points

 
October 2018
 
$
2,969

 
$
3,000

 Lumber River
 
$
10,723

 
Libor + 350 basis points

 
October 2018
 
1,459

 
1,500

 Revere Loan
 
$
100,000

 
9.00
%
 
November 2018
 
1,758

 
6,808

 Senior convertible notes
 
Interest only

 
9.00
%
 
December 2018
 
1,369

 
1,369

 Harbor Point (1)
 
$
11,024

 
5.85
%
 
December 2018
 
477

 
553

 Perimeter Square (1)
 
Interest only

 
5.50
%
 
December 2018
 
6,250

 
5,382

 Riversedge North
 
$
8,802

 
6.00
%
 
January 2019
 
822

 
863

 KeyBank Line of Credit
 
Interest only

 
Libor + 250 basis points

 
February 2019
 
3,830

 
15,532

 Monarch Bank Building (1)
 
$
7,340

 
4.85
%
 
June 2019
 
1,246

 
1,266

 DF I-Moyock (1)
 
$
10,665

 
5.00
%
 
July 2019
 
104

 
194

 Rivergate
 
$
141,547

 
Libor + 295 basis points

 
December 2019
 
22,260

 
22,689

 KeyBank Line of Credit
 
Interest only

 
Libor + 250 basis points

 
December 2019
 
48,272

 
52,500

 LaGrange Marketplace
 
$
15,065

 
Libor + 375 basis points

 
March 2020
 

 
2,317

 Folly Road
 
$
32,827

 
4.00
%
 
March 2020
 
6,109

 
6,181

 Columbia Fire Station construction loan
 
Interest only

 
4.00
%
 
May 2020
 
4,200

 
3,421

 Shoppes at TJ Maxx
 
$
33,880

 
3.88
%
 
May 2020
 
5,587

 
5,727

 JANAF Bravo
 
Interest only

 
4.65
%
 
January 2021
 
6,500

 

 Walnut Hill Plaza
 
Interest only

 
5.50
%
 
September 2022
 
3,903

 
3,903

 Twin City Commons
 
$
17,827

 
4.86
%
 
January 2023
 
3,064

 
3,111

 Shoppes at Eagle Harbor (1)
 
$
26,528

 
5.10
%
 
March 2023
 

 
3,341

 New Market
 
$
48,747

 
5.65
%
 
June 2023
 
6,955

 

 Benefit Street Note (3)
 
$
53,185

 
5.71
%
 
June 2023
 
7,600

 

 Deutsche Bank Note (2)
 
$
33,340

 
5.71
%
 
July 2023
 
5,730

 

 JANAF
 
$
333,159

 
4.49
%
 
July 2023
 
52,656

 

 Tampa Festival
 
$
50,797

 
5.56
%
 
September 2023
 
8,263

 
8,368

 Forrest Gallery
 
$
50,973

 
5.40
%
 
September 2023
 
8,565

 
8,669

 South Carolina Food Lions Note
 
$
68,320

 
5.25
%
 
January 2024
 
11,915

 
12,050

 Cypress Shopping Center
 
$
34,360

 
4.70
%
 
July 2024
 
6,406

 
6,485

 Port Crossing
 
$
34,788

 
4.84
%
 
August 2024
 
6,179

 
6,263

 Freeway Junction
 
$
41,798

 
4.60
%
 
September 2024
 
7,896

 
7,994

 Harrodsburg Marketplace
 
$
19,112

 
4.55
%
 
September 2024
 
3,503

 
3,553

 Graystone Crossing (1)
 
$
20,386

 
4.55
%
 
October 2024
 
3,880

 
3,928

 Bryan Station
 
$
23,489

 
4.52
%
 
November 2024
 
4,491

 
4,547

 Crockett Square
 
Interest only

 
4.47
%
 
December 2024
 
6,338

 
6,338

 Pierpont Centre
 
 Interest only

 
4.15
%
 
February 2025
 
8,113

 
8,113

 Alex City Marketplace
 
 Interest only

 
3.95
%
 
April 2025
 
5,750

 
5,750

 Butler Square
 
 Interest only

 
3.90
%
 
May 2025
 
5,640

 
5,640

 Brook Run Shopping Center
 
 Interest only

 
4.08
%
 
June 2025
 
10,950

 
10,950

 Beaver Ruin Village I and II
 
 Interest only

 
4.73
%
 
July 2025
 
9,400

 
9,400

 Sunshine Shopping Plaza
 
 Interest only

 
4.57
%
 
August 2025
 
5,900

 
5,900

 Barnett Portfolio
 
 Interest only

 
4.30
%
 
September 2025
 
8,770

 
8,770

 Fort Howard Shopping Center
 
 Interest only

 
4.57
%
 
October 2025
 
7,100

 
7,100

 Conyers Crossing
 
 Interest only

 
4.67
%
 
October 2025
 
5,960

 
5,960

 Grove Park Shopping Center
 
 Interest only

 
4.52
%
 
October 2025
 
3,800

 
3,800

 Parkway Plaza
 
 Interest only

 
4.57
%
 
October 2025
 
3,500

 
3,500

 Winslow Plaza
 
Interest only

 
4.82
%
 
December 2025
 
4,620

 
4,620

 JANAF BJ's
 
$
29,964

 
4.95
%
 
January 2026
 
5,091

 

 Chesapeake Square
 
$
23,857

 
4.70
%
 
August 2026
 
4,454

 
4,507

 Berkley/Sangaree/Tri-County
 
Interest only

 
4.78
%
 
December 2026
 
9,400

 
9,400

 Riverbridge
 
Interest only

 
4.48
%
 
December 2026
 
4,000

 
4,000

 Franklin
 
Interest only

 
4.93
%
 
January 2027
 
8,516

 
8,516

Total Principal Balance (1)
 
 
 
 
 
 
 
371,520

 
313,778

Unamortized debt issuance cost (1)
 
 
 
 
 
 
 
(5,570
)
 
(5,656
)
Total Loans Payable, including Assets Held for Sale
 
 
 
 
 
 
 
365,950

 
308,122

Less loans payable on assets held for sale, net loan amortization costs
 
 
 
 
11,857

 
747

Total Loans Payable, net
 
 
 
 
 
 
 
$
354,093

 
$
307,375


(1) Includes loans payable on assets held for sale, see Note 3.
(2) This loan is collateralized by LaGrange Marketplace, Ridgeland and Georgetown.
(3) This loan is collateralized by Ladson Crossing, Lake Greenwood Crossing and South Park.
Schedule of Company's scheduled principal repayments on indebtedness
The Company’s scheduled principal repayments on indebtedness as of September 30, 2018, including assets held for sale, are as follows (in thousands, unaudited):
For the remaining three months ended December 31, 2018
$
15,423

December 31, 2019
80,509

December 31, 2020
19,551

December 31, 2021
10,591

December 31, 2022
8,113

December 31, 2023
83,333

Thereafter
154,000

    Total principal repayments and debt maturities
$
371,520