Mortgage
payable, net consisted of the following:
| Description | | Interest Rate | | Weighted Average
Interest Rate
for the Six Months
Ended June 30, 2026 | | | Maturity Date | | Amount
Due at
Maturity | | | As of
June 30,
2026 | | | As of
December 31,
2025 | | | | | | | | | | | | | | | | | | | | | Credit Facility | | SOFR + 3.45% (floor of 6.45%) | | | 7.11 | % | | September 2026 | | $ | 97,818 | | | $ | 97,818 | | | $ | 97,818 | | | | | | | | | | | | | | | | | | | | | | | | | Total mortgage payable | | | | | 7.11 | % | | | | $ | 97,818 | | | | 97,818 | | | | 97,818 | | | | | | | | | | | | | | | | | | | | | | | | | Less: Deferred financing costs | | | | | | | | | | | | | | | (91 | ) | | | (272 | ) | | | | | | | | | | | | | | | | | | | | | | | | Total mortgage payable, net | | | | | | | | | | | | | | $ | 97,727 | | | $ | 97,546 | |
|