| Schedule of Loans Payable |
Information on the Company’s Loans payable as of December 31, 2025 and December 31, 2024 is as follows:
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Description |
December 31, 2025 |
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FM Property |
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CO Property |
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Net Lease DST Property |
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Buchanan Property |
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Keller Springs Property |
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Summerfield Property |
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Valencia Property |
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Credit Facility |
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Kacey Property |
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Industry Property |
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ON3 Property |
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West End Property |
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Palms Property |
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Pearland Property |
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WAG MH Property |
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Total |
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Principal amount of loans |
$ |
21,000,000 |
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$ |
26,550,000 |
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$ |
22,495,184 |
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$ |
9,600,000 |
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$ |
33,500,000 |
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$ |
76,575,000 |
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$ |
55,200,000 |
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$ |
101,166,935 |
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$ |
40,640,000 |
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$ |
43,200,000 |
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$ |
66,731,250 |
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$ |
29,000,000 |
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$ |
20,000,000 |
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$ |
22,500,000 |
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$ |
32,581,902 |
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$ |
600,740,271 |
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Less: Deferred financing costs, net of
accumulated amortization of $4,582,656 |
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(55,626 |
) |
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(116,670 |
) |
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(149,978 |
) |
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(46,130 |
) |
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(1,194,690 |
) |
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(115,236 |
) |
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(492,502 |
) |
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(1,001,717 |
) |
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(223,483 |
) |
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(270,032 |
) |
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(608,929 |
) |
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(296,551 |
) |
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(259,864 |
) |
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(325,296 |
) |
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- |
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(5,156,704 |
) |
Loans payable, net of deferred financing
costs and amortization |
$ |
20,944,374 |
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$ |
26,433,330 |
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$ |
22,345,206 |
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$ |
9,553,870 |
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$ |
32,305,310 |
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$ |
76,459,764 |
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$ |
54,707,498 |
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$ |
100,165,218 |
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$ |
40,416,517 |
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$ |
42,929,968 |
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$ |
66,122,321 |
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$ |
28,703,449 |
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$ |
19,740,136 |
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$ |
22,174,704 |
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$ |
32,581,902 |
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$ |
595,583,567 |
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Description |
December 31, 2024 |
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FM Property |
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CO Property |
|
Net Lease DST Property |
|
Buchanan Property |
|
Keller Springs Property |
|
Summerfield Property |
|
Valencia Property |
|
Credit Facility |
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Kacey Property |
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Industry Property |
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ON3 Property |
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West End Property |
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Palms Property |
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Pearland Property |
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WAG Portfolio Property |
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Total |
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Principal amount of loans |
$ |
21,000,000 |
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$ |
26,550,000 |
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$ |
22,495,184 |
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$ |
9,600,000 |
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$ |
33,500,000 |
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$ |
76,575,000 |
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$ |
55,200,000 |
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$ |
61,155,176 |
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$ |
40,640,000 |
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$ |
43,200,000 |
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$ |
66,731,250 |
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$ |
29,000,000 |
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$ |
20,000,000 |
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$ |
22,500,000 |
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$ |
26,635,694 |
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$ |
554,782,304 |
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Less: Deferred financing costs, net of accumulated
amortization of $3,216,728 |
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(74,150 |
) |
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(134,075 |
) |
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(175,506 |
) |
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(53,231 |
) |
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(1,408,556 |
) |
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(137,183 |
) |
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(581,753 |
) |
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(147,336 |
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(261,252 |
) |
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(315,018 |
) |
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(705,055 |
) |
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(341,002 |
) |
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(298,812 |
) |
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(368,647 |
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- |
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(5,001,576 |
) |
Loans payable, net of deferred financing
costs and amortization |
$ |
20,925,850 |
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$ |
26,415,925 |
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$ |
22,319,678 |
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$ |
9,546,769 |
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$ |
32,091,444 |
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$ |
76,437,817 |
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$ |
54,618,247 |
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$ |
61,007,840 |
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$ |
40,378,748 |
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$ |
42,884,982 |
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$ |
66,026,195 |
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$ |
28,658,998 |
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$ |
19,701,188 |
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$ |
22,131,353 |
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$ |
26,635,694 |
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$ |
549,780,728 |
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