Company: INTG
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021858
Chunk: 91

Company: INTERGROUP CORP
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 91
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 required debt service and
                                            continues to operate under the covenants and cash-management provisions described below.

D.
Cash-Management/Lockbox and DSCR Provisions

The
Loan Agreements include a lender-controlled cash-management/lockbox arrangement pursuant to which Hotel receipts are deposited into controlled
accounts and disbursed in accordance with approved budgets and waterfall provisions. Distributions are subject to DSCR and other conditions
specified in the Loan Agreement. These cash-management provisions remain in effect under the current facilities.

E.
Maturities and Interest (Summary)

●Senior
                                            Mortgage: $67,000,000 original principal; interest Term SOFR + 4.75% (with SOFR cap 4.50%);
                                            interest-only; initial maturity April 9, 2027; three one-year extension options (subject
                                            to conditions).

●Mezzanine:
                                            $36,300,000; 7.25% fixed; co-term/co-extension with senior.

●Security:
                                            Senior – Hotel; Mezzanine – membership interest in Operating

●Guarantor:
                                            Portsmouth (limited guaranty)

F.
InterGroup Real Estate Mortgages (Non-Hotel)

During
the three months ended September 30, 2025, the Company did not enter into any new financing arrangements, modifications, or refinancings
related to its real estate properties.

    -19-

Future
minimum principal amortizations for all other financing transactions are as follows:

 SCHEDULE OF FUTURE MINIMUM PAYMENT FOR MORTGAGE NOTES PAYABLE 

    For the year ending June 30, 

    2026 (9 months) 
    $930,000 
  
    2027 
     106,663,000 
  
    2028 
     6,588,000 
  
    2029 
     1,845,000 
  
    2030 
     16,032,000 
  
    Thereafter 
     65,400,000 
  
    Total
    Mortgage Notes Payable 
    $197,458,000 

NOTE
13 – ACCOUNTS PAYABLE AND OTHER LIABILITIES

The
following summarizes the balances of accounts payable and other liabilities as of September 30, 2025 and June 30, 2025.

SCHEDULE OF ACCOUNTS PAYABLE AND OTHER LIABILITIES  

    As of 
    September 30, 2025  
    June
30,