Annual report pursuant to Section 13 and 15(d)

MORTGAGE LOANS ON REAL ESTATE (Notes)

v2.4.1.9
MORTGAGE LOANS ON REAL ESTATE (Notes)
12 Months Ended
Dec. 31, 2014
Mortgage Loans on Real Estate [Abstract]  
MORTGAGE LOANS ON REAL ESTATE
MORTGAGE LOANS ON REAL ESTATE - CorEnergy Infrastructure Trust, Inc.

Description
 
Interest Rate
 
Final Maturity
 
Monthly Payment Amount (2)
 
Prior Liens
 
Face Value
 
Carrying Amount of Mortgage
 
Principal Amount of Loans Subject to Delinquent Principal or Interest
First Mortgages
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Campbell County - Wyoming (Reed, Gillette, Lemay)
 
12.00%
(1
)
3/31/2024
 
$
127,508

 
None
 
$
12,000,000

 
$
12,175,029

 
$

Billings, Dunn, and McKenzie Counties, North Dakota (Morlock Well)
 
12.00%
 
12/31/2024
 
$
40,000

 
None
 
4,000,000

 
3,948,738

 

Second Mortgages
 
 
 
 
 
 
 
 
 
 
 


 


Campbell County - Wyoming (Reed, Gillette, Lemay)
 
12.00%
(1
)
3/31/2024
 
$
35,115

 
None
 
3,300,000

 
3,336,403

 

Billings, Dunn, and McKenzie Counties, North Dakota (Morlock Well)
 
13.00%
 
12/31/2024
 
$
10,833

 
None
 
1,000,000

 
975,000

 

 
 
 
 
 
 


 

 
$
20,300,000

 
$
20,435,170

 
$

(1) Interest rate increases by 2% of the previous year's rate
(2) Equal monthly installments comprised of interest


NOTES TO SCHEDULE IV - CONSOLIDATED MORTGAGE LOANS ON REAL ESTATE

Reconciliation of Mortgage Loans on Real Estate
 
For the Years Ended
 
One-Month Transition Period Ended December 31, 2012
 
December 31, 2014
 
December 31, 2013
 
November 30, 2012
 
Beginning balance
$

 
$

 
$

 
$

Additions:
 
 
 
 
 
 
 
New loans
20,300,000

 

 

 

Net deferred costs
(86,508
)
 

 

 

Interest receivable
220,349

 

 

 

Total Additions
$
20,433,841

 
$

 
$

 
$

 
 
 
 
 
 
 
 
Deductions:
 
 
 
 
 
 
 
Principal repayments
$

 
$

 
$

 
$

Amortization of deferred costs
1,329

 

 

 

Total deductions
$
1,329

 
$

 
$

 
$

 
 
 
 
 
 
 
 
Ending balance
$
20,435,170

 
$

 
$

 
$