v3.26.3
MORTGAGE AND MEZZANINE LOANS (Tables)
 12 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
SCHEDULE OF LOAN BALANCES

 

   June 30, 2026   June 30, 2025   Interest Rate  Initial Maturity
Senior mortgage loan  $67,000,000   $67,000,000   Greater of 7.65% or Term SOFR + 4.75%; SOFR capped at 4.50%  April 9, 2027
Mezzanine loan   36,300,000    36,300,000   7.25% through March 28, 2027; 11.25% thereafter  April 9, 2027
Gross loans   103,300,000    103,300,000       
Less: unamortized debt issuance costs   (765,000)   (1,781,000)      
Mortgage and mezzanine loans, net  $102,535,000   $101,519,000       
SCHEDULE OF CONTRACTUAL MATURITIES

Contractual maturities as of June 30, 2026 were as follows:

 

For the years ending June 30,    
     
2027  $103,300,000 
2028   - 
2029   - 
2030   - 
2031   - 
Thereafter   - 
Contractual debt  $103,300,000