| Summary of Loans Payable |
The Company’s loans payable consist of the following (in thousands except monthly payment):
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Property/Description |
|
Monthly Payment |
|
Interest
Rate
|
|
Maturity |
|
December 31, 2018 |
|
December 31, 2017 |
Harbor Pointe (1)
|
|
$ |
11,024 |
|
|
5.85 |
% |
|
December 2018 |
|
$ |
460 |
|
|
$ |
553 |
|
Perimeter Square |
|
Interest only |
|
|
5.50 |
% |
|
December 2018 |
|
6,250 |
|
|
5,382 |
|
Perimeter Square construction loan |
|
Interest only |
|
|
6.00 |
% |
|
December 2018 |
|
247 |
|
|
— |
|
KeyBank Line of Credit |
|
Interest only |
|
|
Libor + 250 basis points |
|
|
February 2019 |
|
3,830 |
|
|
15,532 |
|
Revere Term Loan |
|
$ |
109,658 |
|
|
10.00 |
% |
|
February 2019 |
|
1,059 |
|
|
6,808 |
|
Monarch Bank Building |
|
$ |
7,340 |
|
|
4.85 |
% |
|
June 2019 |
|
— |
|
|
1,266 |
|
Senior convertible notes |
|
$ |
234,199 |
|
|
9.00 |
% |
|
June 2019 |
|
1,369 |
|
|
1,369 |
|
DF I-Moyock (1)
|
|
$ |
10,665 |
|
|
5.00 |
% |
|
July 2019 |
|
73 |
|
|
194 |
|
Rivergate |
|
$ |
144,823 |
|
|
Libor + 295 basis points |
|
|
December 2019 |
|
22,117 |
|
|
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 |
|
6,073 |
|
|
6,181 |
|
Columbia Fire Station construction loan |
|
$ |
25,452 |
|
|
4.00 |
% |
|
May 2020 |
|
4,189 |
|
|
3,421 |
|
Shoppes at TJ Maxx |
|
$ |
33,880 |
|
|
3.88 |
% |
|
May 2020 |
|
5,539 |
|
|
5,727 |
|
First National Bank Line of Credit |
|
Interest only |
|
|
Libor + 300 basis points |
|
|
September 2020 |
|
2,938 |
|
|
3,000 |
|
Lumber River |
|
$ |
10,723 |
|
|
Libor + 350 basis points |
|
|
October 2020 |
|
1,448 |
|
|
1,500 |
|
JANAF Bravo |
|
Interest only |
|
|
4.65 |
% |
|
January 2021 |
|
6,500 |
|
|
— |
|
Walnut Hill Plaza |
|
$ |
26,850 |
|
|
5.50 |
% |
|
September 2022 |
|
3,868 |
|
|
3,903 |
|
Riversedge North |
|
$ |
11,436 |
|
|
5.77 |
% |
|
December 2023 |
|
1,800 |
|
|
863 |
|
Twin City Commons |
|
$ |
17,827 |
|
|
4.86 |
% |
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January 2023 |
|
3,048 |
|
|
3,111 |
|
Shoppes at Eagle Harbor |
|
$ |
26,528 |
|
|
5.10 |
% |
|
March 2023 |
|
— |
|
|
3,341 |
|
New Market |
|
$ |
48,747 |
|
|
5.65 |
% |
|
June 2023 |
|
6,907 |
|
|
— |
|
Benefit Street Note (3)
|
|
$ |
53,185 |
|
|
5.71 |
% |
|
June 2023 |
|
7,567 |
|
|
— |
|
Deutsche Bank Note (2)
|
|
$ |
33,340 |
|
|
5.71 |
% |
|
July 2023 |
|
5,713 |
|
|
— |
|
JANAF |
|
$ |
333,159 |
|
|
4.49 |
% |
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July 2023 |
|
52,253 |
|
|
— |
|
Tampa Festival |
|
$ |
50,797 |
|
|
5.56 |
% |
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September 2023 |
|
8,227 |
|
|
8,368 |
|
Forrest Gallery |
|
$ |
50,973 |
|
|
5.40 |
% |
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September 2023 |
|
8,529 |
|
|
8,669 |
|
South Carolina Food Lions Note |
|
$ |
68,320 |
|
|
5.25 |
% |
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January 2024 |
|
11,867 |
|
|
12,050 |
|
Cypress Shopping Center |
|
$ |
34,360 |
|
|
4.70 |
% |
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July 2024 |
|
6,379 |
|
|
6,485 |
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Port Crossing |
|
$ |
34,788 |
|
|
4.84 |
% |
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August 2024 |
|
6,150 |
|
|
6,263 |
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Freeway Junction |
|
$ |
41,798 |
|
|
4.60 |
% |
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September 2024 |
|
7,863 |
|
|
7,994 |
|
Harrodsburg Marketplace |
|
$ |
19,112 |
|
|
4.55 |
% |
|
September 2024 |
|
3,486 |
|
|
3,553 |
|
Graystone Crossing (1)
|
|
$ |
20,386 |
|
|
4.55 |
% |
|
October 2024 |
|
3,863 |
|
|
3,928 |
|
Bryan Station |
|
$ |
23,489 |
|
|
4.52 |
% |
|
November 2024 |
|
4,472 |
|
|
4,547 |
|
Crockett Square |
|
Interest only |
|
|
4.47 |
% |
|
December 2024 |
|
6,338 |
|
|
6,338 |
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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 |
|
5,065 |
|
|
— |
|
Chesapeake Square |
|
$ |
23,857 |
|
|
4.70 |
% |
|
August 2026 |
|
4,434 |
|
|
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)
|
|
|
|
|
|
|
|
369,612 |
|
|
313,778 |
|
Unamortized debt issuance cost (1)
|
|
|
|
|
|
|
|
(5,144 |
) |
|
(5,656 |
) |
Total Loans Payable, including Assets Held for Sale |
|
|
|
|
|
|
|
364,468 |
|
|
308,122 |
|
Less loans payable on assets held for sale, net loan amortization costs |
|
|
|
|
4,351 |
|
|
747 |
|
Total Loans Payable, net |
|
|
|
|
|
|
|
$ |
360,117 |
|
|
$ |
307,375 |
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(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.
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