MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY (Details)
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12 Months Ended |
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Sep. 28, 2026
USD ($)
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Apr. 06, 2026
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Mar. 06, 2026
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Jan. 15, 2026
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Aug. 01, 2025
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Jun. 11, 2025
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Jun. 06, 2025
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ft²
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Mar. 28, 2025
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Jan. 22, 2025
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Nov. 04, 2024
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Oct. 04, 2024
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Aug. 21, 2024
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Jul. 15, 2024
USD ($)
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May 01, 2024
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Feb. 21, 2024
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Jan. 01, 2024
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Sep. 08, 2023
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Feb. 01, 2023
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Oct. 01, 2022
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Jul. 23, 2022
USD ($)
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Oct. 04, 2021
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May 06, 2021
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Feb. 26, 2021
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Jun. 30, 2026
USD ($)
Time
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Jun. 30, 2025
USD ($)
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Sep. 27, 2026
USD ($)
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Apr. 08, 2026
USD ($)
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Oct. 03, 2024
USD ($)
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Aug. 01, 2024
USD ($)
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Mar. 31, 2024
USD ($)
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Dec. 31, 2023
USD ($)
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Jan. 04, 2021
USD ($)
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| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
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| Proceeds from mortgage loan |
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$ 22,803,277
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$ 48,477,670
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| Total |
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148,469,186
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| Debt instrument floor rate |
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6.50%
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| Rental revenue |
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18,358,243
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20,781,843
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| Interest expense |
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9,917,547
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8,524,581
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| Monitoring fee |
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84,514
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| Contingent liability related to guaranty |
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0
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| Revolving Credit Facility [Member] |
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| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
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| Fixed interest rate |
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10.00%
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| Total |
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$ 10,000,000
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9,588,000
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| Line of credit |
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$ 10,000,000
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| Line of credit, origination fee |
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2.00%
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| Frequency of payments |
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monthly
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| Beginning of monthly payments date |
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Mar. 01, 2025
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| Loan origination fees |
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$ 196,078
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188,000
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| Remaining unamortized balance |
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138,611
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| Interest expense |
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1,013,088
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324,643
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| Interest payable |
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1,297,781
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284,693
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| Revolving Credit Facility [Member] | Subsequent Event [Member] |
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| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
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| Fixed interest rate |
10.00%
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| Debt, maturity date |
Dec. 31, 2027
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| Line of credit |
$ 18,000,000
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$ 10,000,000
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| Secured Promissory Note Agreement [Member] |
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| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
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| Total |
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2,936,989
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1,115,000
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| Debt, face value |
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$ 1,635,000
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| Monthly payments |
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$ 93,000
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| Original issue discount |
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135,000
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| Outstanding purchase price |
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90 days
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| Monitoring fee percentage |
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0.93%
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| Pledged assets, carrying amount |
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2,760,318
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| Secured Promissory Note Agreement [Member] | Minimum [Member] |
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| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
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| Debt instrument, outstanding percentage |
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5.00%
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| Secured Promissory Note Agreement [Member] | Maximum [Member] |
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| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
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| Debt instrument, outstanding percentage |
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15.00%
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| Secured Promissory Note Agreement Two [Member] |
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| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
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| Monthly payments |
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$ 45,500
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| Monitoring fee |
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41,310
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| Secured Promissory Note Agreement Three [Member] |
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| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
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| Monthly payments |
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$ 136,250
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| Monitoring fee |
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123,991
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| Secured Promissory Note Agreement Four [Member] |
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| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
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| Monthly payments |
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$ 91,250
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| Monitoring fee |
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82,998
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| 220 Campus Lane Office Building [Member] | Debt Mark-to-Market [Member] |
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| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
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| Acquisition cost |
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$ 223,000
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| Net acquisition cost |
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97,996
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142,596
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| Campus Lane Residential Land [Member] | Debt Mark-to-Market [Member] |
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| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
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| Acquisition cost |
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120,000
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| Net acquisition cost |
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52,733
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76,733
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| Green Valley Executive Center [Member] | Debt Mark-to-Market [Member] |
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| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
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| Acquisition cost |
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$ 993,000
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| Net acquisition cost |
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744,750
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844,050
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| One Harbor Center [Member] | Debt Mark-to-Market [Member] |
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| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
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|
|
|
|
| Acquisition cost |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 334,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net acquisition cost |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 161,698
|
241,222
|
|
|
|
|
|
|
|
| PT Hillview [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt, maturity date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Apr. 06, 2025
|
|
|
|
|
|
|
|
|
| Investment, Type [Extensible Enumeration] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Partnership [Member]
|
|
|
|
|
|
|
|
|
| Contribution received to repay principal paydown |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 5,683,503
|
|
|
|
|
|
|
|
|
| Share of non-controlling interest holder |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 568,350
|
|
|
|
|
|
|
|
|
| Percentage of non-controlling interest holder |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10.00%
|
|
|
|
|
|
|
|
|
| First & Main, LP [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Notes payable, constant maturity period as published by Federal Reserve System |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30 years
|
|
|
|
|
|
|
|
|
| Debt, interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3.75%
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt, maturity date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Apr. 01, 2031
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 151,000
|
|
|
|
$ 152,720
|
150,000
|
|
|
|
|
|
|
|
| Monthly payments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 731
|
|
|
|
|
|
|
|
|
|
|
|
|
| First & Main, LP [Member] | Junior Debt [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fixed interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt, maturity date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dec. 31, 2023
|
|
|
|
|
|
|
|
|
| Debt, face value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
| Prepayment penalty |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amount of principal payment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 350,000
|
|
| Amount of principal payment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 100,000
|
|
|
|
|
|
| Main Street West Mortgage [Member] | Innovate Napa [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Master lease percentage leased |
|
|
|
|
|
|
36.20%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Rentable Space (in Square Feet) | ft² |
|
|
|
|
|
|
13,806
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Rental revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 310,635
|
|
|
|
|
|
|
|
|
| Green Valley Medical Center, LP [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fixed interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3.75%
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 153,521
|
150,000
|
|
|
|
$ 150,000
|
|
|
|
| Debt, term period |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30 years
|
|
|
|
|
|
|
|
|
| Streetville Capital LLC [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 2,936,989
|
|
|
|
|
|
|
|
|
| Streetville Capital LLC [Member] | Secured Promissory Note Agreement [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fixed interest rate |
|
|
|
|
|
9.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Notes payable, constant maturity period as published by Federal Reserve System |
|
|
18 months
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
18 months
|
|
|
|
|
|
|
|
|
| Debt, maturity date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dec. 11, 2026
|
|
|
|
|
|
|
|
|
| Debt, face value |
|
|
$ 1,095,000
|
|
545,000
|
$ 1,115,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Line of credit |
|
|
1,095,000
|
|
|
3,270,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investors funded in cash |
|
|
1,000,000
|
|
500,000
|
1,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Original issue discount |
|
|
90,000
|
|
$ 45,000
|
90,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Transaction expenses |
|
|
$ 5,000
|
|
|
$ 25,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| First Republic Bank [Member] | Madison-PVT Partners LLC [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds from mortgage loan |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 6,737,500
|
|
|
|
|
|
|
|
|
|
| Fixed interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3.00%
|
|
|
|
|
|
|
|
|
|
| Period of most recently published yield average that will be used for calculation of interest rates |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12 years
|
|
|
|
|
|
|
|
|
| Notes payable, constant maturity period as published by Federal Reserve System |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 year
|
|
|
|
|
|
|
|
|
| Debt, maturity date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Apr. 01, 2031
|
|
|
|
|
|
|
|
|
| Amortization period for monthly payments of principal and interests |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
360 months
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 6,725,997
|
6,737,500
|
|
|
|
|
|
|
|
| First Republic Bank [Member] | Madison-PVT Partners LLC [Member] | Statistical Release H.15 [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt, interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2.75%
|
|
|
|
|
|
|
|
|
| First Republic Bank [Member] | PVT-Madison Partners LLC [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds from mortgage loan |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 8,387,500
|
|
|
|
|
|
|
|
|
|
| Fixed interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3.00%
|
|
|
|
|
|
|
|
|
|
| Period of most recently published yield average that will be used for calculation of interest rates |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12 years
|
|
|
|
|
|
|
|
|
| Notes payable, constant maturity period as published by Federal Reserve System |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 year
|
|
|
|
|
|
|
|
|
| Debt, maturity date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Apr. 01, 2031
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 8,373,180
|
8,387,500
|
|
|
|
|
|
|
|
| First Republic Bank [Member] | PVT-Madison Partners LLC [Member] | Statistical Release H.15 [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt, interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2.75%
|
|
|
|
|
|
|
|
|
| Ladder Capital Finance [Member] | PT Hillview [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fixed interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.75%
|
|
|
|
|
|
|
|
|
|
|
|
| Debt, maturity date |
|
|
|
|
|
|
|
Apr. 06, 2025
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oct. 06, 2023
|
|
|
|
|
|
|
|
|
| Amortization period for monthly payments of principal and interests |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
360 days
|
|
|
|
|
|
|
|
|
| Debt, face value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 17,500,000
|
|
|
|
|
|
|
|
|
|
|
|
| Number of time the loans can be extended (in Time) | Time |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2
|
|
|
|
|
|
|
|
|
| Loans extension period |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12 months
|
|
|
|
|
|
|
|
|
| Extended maturity date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oct. 06, 2024
|
|
|
|
|
|
|
|
|
| Principal paydown |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 3,975,000
|
|
|
|
|
| Ladder Capital Finance [Member] | PT Hillview [Member] | London Interbank Offered Rate (LIBOR) [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt, interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.50%
|
|
|
|
|
|
|
|
|
|
|
|
| Wells Fargo Bank [Member] | PT Hillview [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fixed interest rate |
|
|
|
|
|
|
|
5.87%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt, maturity date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Apr. 30, 2030
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 11,660,000
|
|
|
|
|
|
|
|
|
| Debt, face value |
|
|
|
|
|
|
|
$ 11,660,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Pacific Premier Bank [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fixed interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3.65%
|
|
|
|
|
|
|
|
|
|
|
| Debt, maturity date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Jun. 01, 2032
|
|
|
|
|
|
|
|
|
| Amortization period for monthly payments of principal and interests |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
360 months
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 17,650,000
|
17,650,000
|
|
|
|
|
|
|
|
| Debt, face value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 17,650,000
|
|
|
|
|
|
|
|
|
|
|
| Number of months for annual interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
60 months
|
|
|
|
|
|
|
|
|
| Debt, term period |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6 months
|
|
|
|
|
|
|
|
|
| Debt, interest rate and spread |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3.00%
|
|
|
|
|
|
|
|
|
|
|
| Exchange Bank [Member] | First & Main, LP [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fixed interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3.75%
|
| Amortization period for monthly payments of principal and interests |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
25 years
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 12,206,569
|
10,626,226
|
|
|
|
|
|
|
|
| Debt, face value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 12,000,000
|
| Wiseman Family Trust [Member] | First & Main, LP [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fixed interest rate |
|
6.25%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Notes payable, constant maturity period as published by Federal Reserve System |
|
59 months
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
$ 11,429,491
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
220,000
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt, face value |
|
12,240,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Monthly payments |
|
$ 75,340
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Wiseman Family Trust [Member] | First & Main, LP [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Notes payable, constant maturity period as published by Federal Reserve System |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10 years
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 220,000
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt, interest rate and spread |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
| Monthly payments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1,486
|
|
|
|
|
|
|
|
|
|
|
|
|
| Western Alliance Bank [Member] | Woodland Corporate Center Two, LP [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fixed interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.15%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt, maturity date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oct. 07, 2024
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
143,384
|
|
|
|
|
|
|
|
| Debt, face value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 7,500,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Valley Strong Credit Union [Member] | 1300 Main, LP [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fixed interest rate |
|
|
|
|
|
|
|
|
|
6.85%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt, maturity date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nov. 15, 2029
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 7,877,439
|
7,972,744
|
|
|
|
|
|
|
|
| Debt, face value |
|
|
|
|
|
|
|
|
|
$ 8,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Monthly payments |
|
|
|
|
|
|
|
|
|
$ 52,534
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Valley Strong Credit Union [Member] | Green Valley Medical Center, LP [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds from mortgage loan |
|
|
|
|
|
|
|
|
|
|
|
|
$ 7,800,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fixed interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
7.12%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt, maturity date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aug. 01, 2029
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 7,660,973
|
7,747,998
|
|
|
|
|
|
|
|
| Monthly payments |
|
|
|
|
|
|
|
|
|
|
|
|
$ 52,628
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Small Business Administration Loan [Member] | 1300 Main, LP [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 154,043
|
157,191
|
|
|
|
|
|
|
|
| Summit Bank [Member] | Woodland Corporate Center Two, LP [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fixed interest rate |
|
|
|
|
|
|
|
|
|
|
6.50%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt, maturity date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oct. 05, 2027
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 5,830,275
|
5,932,794
|
|
|
|
|
|
|
|
| Debt, face value |
|
|
|
|
|
|
|
|
|
|
$ 6,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Monthly payments |
|
|
|
|
|
|
|
|
|
|
$ 40,873
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Summit Bank [Member] | MacKenzie Satellite [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds from mortgage loan |
|
|
|
|
|
|
|
|
|
|
|
$ 6,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fixed interest rate |
|
|
|
|
|
|
|
|
|
|
|
6.50%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt, maturity date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aug. 21, 2027
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 5,805,598
|
5,909,606
|
|
|
|
|
|
|
|
| Monthly payments |
|
|
|
|
|
|
|
|
|
|
|
$ 40,867
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| EverTrust Bank [Member] | Main Street West Mortgage [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt, maturity date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
May 30, 2028
|
|
|
|
|
|
|
|
|
| Amortization period for monthly payments of principal and interests |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
300 months
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 9,349,746
|
9,500,000
|
|
|
|
|
|
|
|
| Debt, face value |
|
|
|
|
|
|
$ 9,500,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt, interest rate and spread |
|
|
|
|
|
|
6.75%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| First Northern Bank of Dixon [Member] | Main Street West Mortgage [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,349,746
|
|
|
|
|
|
|
|
|
| Accrued interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 52,592
|
51,239
|
|
|
|
|
|
|
|
| Northern California Laborers Pension Fund [Member] | 220 Campus Lane, LLC [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds from mortgage loan |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 2,145,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fixed interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt, maturity date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sep. 30, 2028
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 2,145,000
|
2,145,000
|
|
|
|
|
|
|
|
| Monthly payments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 8,938
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Northern California Laborers Pension Fund [Member] | Campus Lane Residential, LLC [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds from mortgage loan |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1,155,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fixed interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt, maturity date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sep. 30, 2028
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1,155,000
|
1,155,000
|
|
|
|
|
|
|
|
| Monthly payments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 4,813
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Columbia State Bank [Member] | GV Executive Center, LLC [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt, maturity date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sep. 01, 2032
|
|
|
|
|
|
|
|
|
| Amortization period for monthly payments of principal and interests |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30 years
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 14,000,000
|
|
|
|
|
|
|
|
$ 13,082,191
|
13,346,323
|
|
|
|
|
|
|
|
| Columbia State Bank [Member] | GV Executive Center, LLC [Member] | Until October 1, 2027 [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fixed interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.25%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Columbia State Bank [Member] | GV Executive Center, LLC [Member] | Thereafter October 1, 2027 [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fixed interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.46%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Travis Credit Union [Member] | One Harbor Center, LP [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fixed interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.96%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt, maturity date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Jun. 01, 2028
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 8,378,825
|
|
|
|
|
|
|
|
|
|
$ 7,549,007
|
7,704,950
|
|
|
|
|
|
|
|
| Monthly payments |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 46,092
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Junior Debt with Maturity Date December 31, 2025 [Member] | First & Main, LP [Member] | Junior Debt [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt, maturity date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dec. 31, 2026
|
|
|
|
|
|
|
|
|
| Debt, face value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 100,000
|
|
|
|
|
|
|
|
|
| Junior Debt with Maturity Date December 31, 2026 [Member] | First & Main, LP [Member] | Junior Debt [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt, maturity date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dec. 31, 2026
|
|
|
|
|
|
|
|
|
| Junior Debt with Maturity Date December 31, 2028 [Member] | First & Main, LP [Member] | Junior Debt [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt, maturity date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dec. 31, 2028
|
|
|
|
|
|
|
|
|
| Debt, face value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 450,000
|
|
|
|
|
|
|
|
|
| Junior Debt with Maturity Date March 31, 2025 [Member] | First & Main, LP [Member] | Junior Debt [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fixed interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8.50%
|
|
|
| Debt, maturity date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mar. 31, 2025
|
|
|
|
|
|
|
|
|
| Debt, face value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 200,000
|
|
|
| Small Business Administration Loan [Member] | One Harbor Center [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt, interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.75%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 150,000
|
|
|
|
|
|
|
|
|
|
$ 152,844
|
150,000
|
|
|
|
|
|
|
|
| Debt, term period |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30 years
|
|
|
|
|
|
|
|
|
| Small Business Administration Loan [Member] | 1300 Main, LP [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 150,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt, term period |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30 years
|
|
|
|
|
|
|
|
|
| Debt, interest rate and spread |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3.75%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Monthly payments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 731
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Small Business Administration Loan [Member] | Main Street West Mortgage [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt, interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3.75%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 150,000
|
|
|
|
|
|
$ 154,853
|
161,300
|
|
|
|
|
|
|
|
| Debt, term period |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30 years
|
|
|
|
|
|
|
|
|
| Monthly payments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 731
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MRC Aurora Construction Loan [Member] | Valley Strong Credit Union [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt, interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.25%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt, maturity date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mar. 01, 2026
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 17,143,241
|
$ 6,597,850
|
|
|
|
|
|
|
|
| Construction loan closed |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 17,150,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|