| Schedule of Mortgages Payable |
Mortgages
payable consists of the following at June 30, 2025 and December 31, 2024, respectively:
Schedule of Mortgages Payable
Stated
Interest Rate
| | |
June 30, 2025 | | |
December 31, 2024 | | |
Stated
Interest Rate | | |
Maturity Date |
| | |
Principal Balance | | |
| | |
|
| | |
June 30, 2025 | | |
December 31, 2024 | | |
Stated
Interest Rate | | |
Maturity Date |
| 3711 South Western Avenue | |
$ | 643,584 | | |
$ | 643,584 | | |
| 5.00 | % | |
December 1, 2029 |
| 2115 Portland Street | |
| 984,960 | | |
| 989,827 | | |
| 7.25 | % | |
July 1, 2054 |
| 4505 Orchard Avenue | |
| 620,237 | | |
| 626,052 | | |
| 4.625 | % | |
March 1, 2052 |
| 3791 S. Normandie Avenue | |
| | | |
| | | |
| | | |
|
| -First Note | |
| 591,972 | | |
| 596,965 | | |
| 5.225 | % | |
April 1, 2052 |
| -Second Note | |
| 150,000 | | |
| 150,000 | | |
| 5.00 | % | |
March 1, 2029 |
| 2029 W. 41st Place | |
| 820,000 | | |
| 820,000 | | |
| 6.00 | % | |
December 31, 2029 |
| 1267 West 38th Street | |
| 580,033 | | |
| 585,439 | | |
| 4.975 | % | |
June 1, 2051 |
| 1618 West 38th Street | |
| | | |
| | | |
| | | |
|
| -First Note | |
| 467,329 | | |
| 470,003 | | |
| 6.30 | % | |
January 1, 2050 |
| -Second Note | |
| 150,000 | | |
| 150,000 | | |
| 6.00 | % | |
December 10, 2025 |
| 4016 Dalton Avenue | |
| 583,777 | | |
| 589,219 | | |
| 4.975 | % | |
June 1, 2051 |
| 1981 Estrella Ave | |
| 859,296 | | |
| 867,715 | | |
| 5.225 | % | |
June 1, 2051 |
| 3921 S. Hill Street | |
| | | |
| | | |
| | | |
|
| -First Note | |
| 485,188 | | |
| 488,947 | | |
| 6.425 | % | |
December 1, 2050 |
| -Second Note | |
| 152,000 | | |
| 152,000 | | |
| 6.425 | % | |
November 1, 2026 |
| 1557 West 29th Street | |
| 576,139 | | |
| 582,213 | | |
| 4.975 | % | |
June 1, 2051 |
| 1650 S Rimpau Blvd | |
| | | |
| | | |
| | | |
|
| -First Note | |
| 520,000 | | |
| - | | |
| 7.125 | % | |
June 1, 2055 |
| 1434 W 22nd Street | |
| | | |
| | | |
| | | |
|
| -First Note | |
| 512,000 | | |
| - | | |
| 7.5 | % | |
June 1, 2055 |
| 3408 S. Budlong Street | |
| | | |
| | | |
| | | |
|
| -First Note | |
| 580,831 | | |
| 586,874 | | |
| 4.875 | % | |
December 1, 2051 |
| -Second Note | |
| 120,000 | | |
| 120,000 | | |
| 5.00 | % | |
November 1, 2029 |
| 3777 Ruthelen Street | |
| 680,668 | | |
| 687,052 | | |
| 4.625 | % | |
March 1, 2052 |
| 1733 W. 37th Place | |
| | | |
| | | |
| | | |
|
| -First Note | |
| 588,208 | | |
| 591,189 | | |
| 7.225 | % | |
April 1, 2052 |
| -Second Note | |
| 100,000 | | |
| 100,000 | | |
| 6.00 | % | |
March 31, 2029 |
| 1457 W. 35th Street | |
| | | |
| | | |
| | | |
|
| -First Note | |
| 718,236 | | |
| 599,750 | | |
| 7.050 | % | |
March 1, 2055 |
| -Second Note | |
| 115,000 | | |
| 205,000 | | |
| 6.00 | % | |
June 30,2029 |
| 1460 N. Eastern Avenue | |
| | | |
| | | |
| | | |
|
| -First Note | |
| 660,505 | | |
| 578,000 | | |
| 7.45 | % | |
April 1, 2055 |
| -Second Note | |
| 305,000 | | |
| 305,000 | | |
| 6.00 | % | |
June 30, 2029 |
| 4700 S. Budlong Avenue | |
| | | |
| | | |
| | | |
|
| -First Note | |
| 724,455 | | |
| 728,000 | | |
| 7.125 | % | |
December 1, 2054 |
| -Second Note | |
| 199,500 | | |
| 199,500 | | |
| 6.00 | % | |
March 31, 2029 |
| 1659 Roosevelt Avenue | |
| | | |
| | | |
| | | |
|
| -First Note | |
| 570,000 | | |
| 570,000 | | |
| 6.90 | % | |
September 1, 2054 |
| -Second Note | |
| 200,000 | | |
| 200,000 | | |
| 6.00 | % | |
December 31, 2029 |
| 802 E. 25th Street | |
| | | |
| | | |
| | | |
|
| -First Note | |
| 515,848 | | |
| 518,639 | | |
| 6.71 | % | |
September 1, 2054 |
| -Second Note | |
| 150,000 | | |
| 150,000 | | |
| 6.00 | % | |
December 31, 2029 |
| 1100 W. 48th Street | |
| | | |
| | | |
| | | |
|
| -First Note | |
| 484,242 | | |
| 487,042 | | |
| 6.30 | % | |
November 1, 2054 |
| -Second Note | |
| 200,000 | | |
| 200,000 | | |
| 6.00 | % | |
December 31, 2029 |
| 3910 Walton Avenue | |
| 730,053 | | |
| 734,051 | | |
| 6.65 | % | |
August 1, 2049 |
| 3910 Wisconsin Street | |
| 662,136 | | |
| 668,468 | | |
| 5.225 | % | |
March 1, 2052 |
| 4021 Halldale Avenue | |
| 741,233 | | |
| 746,011 | | |
| 6.575 | % | |
October 1, 2052 |
| 717 West 42nd Place | |
| | | |
| | | |
| | | |
|
| -First Note | |
| 333,267 | | |
| 333,867 | | |
| 6.85 | % | |
November 1, 2048 |
| -Second Note | |
| 134,968 | | |
| 134,968 | | |
| 6.85 | % | |
April 30, 2029 |
| 3906 Denker Avenue | |
| | | |
| | | |
| | | |
|
| -First Note | |
| 386,063 | | |
| 388,765 | | |
| 6.00 | % | |
March 1, 2050 |
| -Second Note | |
| 185,000 | | |
| 185,000 | | |
| 6.00 | % | |
February 14, 2025 |
| 4009 Brighton Avenue | |
| 689,498 | | |
| 695,844 | | |
| 4.875 | % | |
November 1, 2051 |
| 4517 Orchard Avenue | |
| | | |
| | | |
| | | |
|
| -First Note | |
| 460,137 | | |
| 464,047 | | |
| 5.225 | % | |
April 1, 2052 |
| -Second Note | |
| 158,000 | | |
| 158,000 | | |
| 5.00 | % | |
March 1, 2029 |
| 3908 Denker Avenue | |
| 604,329 | | |
| 609,772 | | |
| 4.975 | % | |
December 1, 2051 |
| 1284 W. 38th Street | |
| | | |
| | | |
| | | |
|
| -First Note | |
| 618,397 | | |
| 624,544 | | |
| 4.625 | % | |
March 1, 2052 |
| -Second Note | |
| 188,000 | | |
| 188,000 | | |
| 5.25 | % | |
June 30, 2029 |
| Hubilu general loan | |
| 275,062 | | |
| 75,000 | | |
| - | % | |
December 31, 2029 |
| | |
| | | |
| | | |
| | | |
|
| Total mortgages payable | |
$ | 21,775,151 | | |
$ | 20,544,347 | | |
| | | |
|
| Less: unamortized debt discounts | |
| 355,634 | | |
| 332,549 | | |
| | | |
|
| Mortgages payable, net of discounts | |
$ | 21,419,517 | | |
$ | 20,211,798 | | |
| | | |
|
| Less: current maturities | |
| 570,227 | | |
| 1,700,440 | | |
| | | |
|
| Mortgages payable, long-term portion | |
$ | 20,849,290 | | |
$ | 18,511,358 | | |
| | | |
|
|