Gladstone Commercial Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Cover Page
Financial Statements
Notes to Financial Statements
Accounting Policies
- Organization, Basis of Presentation and Significant Accounting Policies (Policies)
Notes Tables
Notes Details
Uncategorized
- Uncategorized Items - good06302010qdocument0.htm

Mortgage Notes Payable and Credit Facility - Company's Mortgage Notes Payable and Line of Credit (Detail)

v3.20.2

Mortgage Notes Payable and Credit Facility - Company's Mortgage Notes Payable and Line of Credit (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2020 USD ($) property	Dec. 31, 2019 USD ($)
Debt Instrument [Line Items]
Encumbered properties \| property	121
Total	$ 666,883	$ 626,594
Fixed rate mortgage loans
Debt Instrument [Line Items]
Encumbered properties \| property	61
Carrying value	$ 436,867	412,771
Variable rate mortgage loans
Debt Instrument [Line Items]
Encumbered properties \| property	9
Carrying value	$ 32,519	45,151
Variable rate mortgage loans \| LIBOR
Debt Instrument [Line Items]
Spread on LIBOR (as percent)	2.25%
Mortgage notes payable
Debt Instrument [Line Items]
Encumbered properties \| property	70
Carrying value	$ 469,386
Premiums and discounts, net	(210)	(239)
Deferred financing costs, net	(3,793)	(3,944)
Total	$ 465,383	453,739
Variable rate revolving credit facility \| Revolving credit facility
Debt Instrument [Line Items]
Encumbered properties \| property	51
Carrying value	$ 43,100	52,400
Deferred financing costs, net	(690)	(821)
Total	$ 42,410	51,579
Scheduled maturity dates	Jul. 02, 2023
Variable rate revolving credit facility \| Revolving credit facility \| LIBOR
Debt Instrument [Line Items]
Spread on LIBOR (as percent)	1.65%
Variable rate term loan facility
Debt Instrument [Line Items]
Carrying value	$ 160,000	122,300
Scheduled maturity dates	Jul. 02, 2024
Variable rate term loan facility \| LIBOR
Debt Instrument [Line Items]
Spread on LIBOR (as percent)	1.60%
Term loan facility
Debt Instrument [Line Items]
Deferred financing costs, net	$ (910)	(1,024)
Total	$ 159,090	$ 121,276

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Number of existing encumbered properties.

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Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt.

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Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format.

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