Company: SQFTP
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001437749-25-034461
Chunk: 140

Company: Presidio Property Trust, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 140
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 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 deferring rent to certain tenants (primarily retail tenants).  As of  September 30, 2025 and  December 31, 2024, the principal balance on the SBA loan was approximately $141,514 and $144,089, respectively.
    
   During 2023, we issued one promissory note to our majority owned subsidiary, Dubose Model Home Investors 202 LP, for the refinancing of one model home property in Texas, for approximately $0.3 million with an interest rate of 5.