Company: SQFTP
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001437749-25-034461
Chunk: 60

Company: Presidio Property Trust, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 60
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 September 30, 2025, NRMH was in compliance with this covenant.  The Company and standalone subsidiaries have other various quarterly and annual reporting requirements to the individual property lenders and the Company is in compliance with all material conditions and covenants on those mortgage notes payable as of  September 30, 2025, with the exception for Dakota Center's loan maturity. 
    
   Scheduled principal payments of mortgage notes payable were as follows as of  September 30, 2025:

       Commercial    Model      
   Properties    Homes    Total Principal  
 Years ending December 31:  Notes Payable  Notes Payable  Payments 
 2025  $8,864,250  $1,505,386  $10,369,636 
 2026   16,768,970   4,300,306   21,069,276 
 2027   463,715   614,226   1,077,941 
 2028   454,843   8,708,526   9,163,369 
 2029   23,496,682   6,212,183   29,708,865 
 Thereafter   17,412,580   5,839,806   23,252,386 
 Total  $67,461,040  $27,180,433  $94,641,473 

   8. NOTES PAYABLE
    
   On  April 22, 2020, the Company received an Economic Injury Disaster Loan of $10,000 from the Small Business Administration ("SBA") to provide economic relief during the COVID-19 pandemic. This loan advance is not required to be repaid, has no stipulations on use, and has been recorded as fees and other income in the consolidated statements of operations during fiscal 2020. On  August 17, 2020, we received an additional Economic Injury Disaster Loan ("EIDL") of $150,000, for which principal and interest payments are deferred for twelve months from the date of issuance, and interest accrues at 3.75% per year. The loan matures on  August 17, 2050. We have used the funds for general corporate purposes to alleviate economic damage caused by the COVID-19 pandemic, which economic injury included abating or