THE NHP FOUNDATION AND ITS AFFILIATED ENTITIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED YEARS ENDED DECEMBER 31, 2017 and 2016
NOTE 9 - MORTGAGE NOTES PAYABLE
2017 Mortgage 2016 Mortgage 2017 Accrued
2016 Accrued
Maturity
Interest
Affiliated Entity
Amount
Amount
Interest
Interest
Date
Rate
Description or Mortgagee
Texas Dept. of Housing and Community Affairs tax- exempt bond
Asmara
-
17,140,000 6,400,000 15,364,049 9,600,000
-
-
2033 2019 2054 2018 2034 2023 2023 2038 2018 2018 2020 2024 2027 2046 2049 2049 2031 2028 2037 2038 2018 2018 2028 2056
variable
Anacostia Gardens Bayview Preservation
$
6,400,000 15,262,010
$
$
26,450 80,979
$
24,933 80,989 23,401
variable Eagle Bank
6.250% Connecticut Housing Finance Authority
Benning
-
-
2.250% Citibank, N.A.
Bolton North
25,200,000 16,286,848 8,453,691 92,103,279
-
257,138 52,172 37,563
-
3.157% Community Development Administration
Clipper Clipper
16,661,542
53,372
3.720% PNC Bank 5.160% PNC Bank
- -
- -
Columbia Heights Village
-
Bellwether Enterprise Mortgage Investments LLC Louisiana Local Government Environmental Facilities and Community Authority
Copper
-
7,363,822 2,220,000 5,000,000 6,363,809
- -
26,376
4.250%
New Covent New Covent
2,220,000 5,000,000 6,235,400
-
6.000% Chicago Community Loan Fund 5.250% Community Investment Corporation 3.368% Oak Grove Commercial Mortgage, LLC
9,546
9,087
Falls Church - Winter Hill Falls Church - Virginia Village
20,954
21,316
-
87,987
-
362
5.000% Virginia Housing Development Authority (VHDA)
Forest Park
4,843,381 11,114,665
4,936,909 11,266,194
27,446
27,977
6.800% Pacific Life Insurance Company variable Pennsylvania Housing Finance Agency
Foxwood Preservation
-
-
Harvest Homes
184,250
184,250
31,083
15,133
8.000% NHPF
The People's Community Development Association of Chicago
Harvest Homes
519,772
-
25,319 123,594
-
7.000%
Hollybush Preservation LaSalle at Lincoln Heights LaSalle at Lincoln Heights
14,225,000
14,370,000
124,406
2.25%/3.55% New Jersey Housing and Mortgage Finance Agency 4.870% Bellwether Enterprise Mortgage Investments LLC
915,000 889,698
- -
- -
- -
2.000% City of Charlotte
Louisiana Local Government Environmental Facilities and Community Authority
Magnolia
-
7,328,901 16,600,000 5,250,000 17,710,000 1,335,395
-
26,235 93,872 23,853 258,912
4.250%
Mark Twain Mark Twain
16,600,000 5,250,000 17,445,000 8,968,368
108,080 25,477 257,253 27,129
LIBOR+5.95% PCI Investor Lender Fund III LLC 6.000% Chicago Community Loan Fund
Orange Preservation
4.839% New Jersey Housing and Mortgage Finance Agency
Parkchester
3,203
variable Citibank, N.A.
Parkchester
717,462
2,676,910
2,231
6,593
2018
variable Citibank, N.A.
District of Columbia Department of Housing and Community Development
Parkchester
6,413,410
6,413,410
-
-
2018
1.000%
Pepper Tree - first mortgage Pepper Tree - second mortgage
3,652,935 3,359,800 8,390,000
3,720,367 3,488,200 12,659,513 5,000,000 4,910,000 10,949,400
- -
- -
2022 2044 2046 2051 2044 2034
5.000% PNC Bank
0.000% Texas Dept. of Housing and Community Authority 2.25%/5.25% New York City Housing Development Corporation
Plaza B II
41,304
133,795
District of Columbia Department of Housing and Community Development
Roundtree - district loan Roundtree - senior loan Ship's Cove Preservation
5,000,000 4,840,000 10,804,374
261,171 56,144 35,515
211,171 61,123 35,951
1.000%
2.320% District of Columbia Housing Finance Agency 4.090% Massachusetts Development Finance Agency
Industrial Development Authority of the City of St. Louis, Missouri The Deputy Mayor for Planning and Economic Development District of Columbia Department of Housing and Community Development
St Luke Preservation
4,000,000
4,000,000
6,627
8,411
2042
variable
Strand
3,454,886
-
-
-
2057
3.000%
Takoma
13,712,505
-
68,563
-
2057
2.000%
Takoma
2,335,909
-
8,269
-
2020
variable Citibank, N.A.
Pines at Carolina
14,783,156 2,378,810 19,749,073
14,900,000 2,419,555 19,913,127
-
-
2023 2028 2044
3.350% Jones Lang LaSalle Multifamily, LLC 7.330% Pacific Life Insurance Company 1.000% Louisiana Housing Finance Authority
Walnut Square - first mortgage Walnut Square - second mortgage
14,531 122,515
14,779 110,761
Subtotal
361,708,682
256,233,340
1,727,053
1,396,011
Eliminations
(184,250)
(184,250)
(27,096)
(15,133)
Total
361,524,432
256,049,090
$
1,699,957
$
1,380,878
Unamortized debt issuance costs
(9,426,003)
(6,824,687)
Accrued interest
1,699,957
1,380,878
$
353,798,386
$
250,605,281
- 34 -
Powered by FlippingBook