v3.25.4
Mortgage Notes (Tables)
12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Summary of Mortgage Notes

The Company's mortgage notes at December 31, 2025 and December 31, 2024 are detailed in the following table ($ in thousands):



 

December 31, 2025

 

December 31, 2024

 

 

Principal Balance Outstanding

 

 

Weighted Average Interest Rate

 

 

Weighted Average Maturity Date

 

Principal Balance Outstanding

 

 

Weighted Average Interest Rate

 

 

Weighted Average Maturity Date

Fixed rate mortgages

 

$

156,300

 

 

 

5.31

%

 

April 2030

 

$

36,000

 

 

 

6.05

%

 

November 2028

Less: Unamortized deferred financing costs

 

 

(2,138

)

 

 

 

 

 

 

 

(325

)

 

 

 

 

 

 

 

$

154,162

 

 

 

 

 

 

 

$

35,675

 

 

 

 

 

 

Schedule of Future Principal Payments Due Under Mortgage Loans

The following table details the future principal payments due under the Company's mortgage loans as of December 31, 2025 ($ in thousands):

Year

 

Amount

 

2026

 

$

-

 

2027

 

 

-

 

2028

 

 

36,000

 

2029

 

 

-

 

2030

 

 

58,300

 

Thereafter

 

 

62,000

 

Total

 

$

156,300