Company: DREM
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004861
Chunk: 15

Company: Dream Homes & Development Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 8
Chunk 15
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 occur in addition to the custom homes &
elevation/renovation division of the business. Management is very positive about these new developments.

Mortgages
on Properties Held for Development:

 Schedule
Mortgages on Properties Held for Development

    December
    31, 2024  
    December
    31, 2023 
  
    Lynx
    Asset Services, LLC 
    $750,000  
    $750,000 
  
    Karbar,
    LLC 
     -  
     350,000 
  
    Briney
    Ave, LLC 
     -  
     1,900,000 
  
    Anchor
    Loans, LP-Berkeley and Lacey 
     2,555,422  
     2,506,049 
  
    AC
    Development, LLC 
     326,479  
     328,479 
  
    AVB
    Development 
     323,537  
     323,537 
  
    Total
    mortgages payable 
     3,955,438  
     6,158,065 
  
    Less
    current portion 
     1,012,538  
     - 
  
    Long-term
    portion 
    $2,942,900  
    $6,158,065 

    F-12

4-Loans
Payable to Related Parties/Others

 Loans
payable to related parties are summarized as follows:

 Schedule
of Loans Payable to Related Parties

    December 31, 2024 
    December 31, 2023

    Loans payable-Rich Pezzullo 
    $-  
    $24,000 
  
    Loan payable-Dream Homes, LTD 
     4,706  
     122,809 
  
    Loans payable to GPIL 
     657,310  
     376,410 

     4,975  
     - 
  
    Total 
    $666,991  
    $523,219 

Advances
from the loans bear interest at a rate of 12%, with interest being payable on demand.

 Notes
payable - others is summarized as follows:

 Schedule
of Notes Payable - Others

    December
    31, 2024 
    December
    31, 2023