Company: INTG
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021858
Chunk: 73

Company: INTERGROUP CORP
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 73
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 the same period, the Company made capital
improvements in the amount of $244,000 to its multi-family and commercial real estate.

As
of September 30, 2025, the Company had:

    ●
    Cash and cash equivalents of $5,054,000
    (including $11,000 classified as held for sale).

    ○
    (compared
    to $5,092,000 (including $8,000 classified as held for sale as of June 30, 2025).

    ●
    Restricted cash of $8,337,000 (including
    $36,000 classified as held for sale).

    ○
    (compared to $10,103,000 (including $45,000 classified as held for sale as of June 30, 2025).

    ●
    Marketable securities, net of margin balances,
    of $966,000 (compared to $969,000 as of June 30, 2025).

    These
    securities are considered liquid and available for short-term needs.

Related
Party Financing

To
supplement its liquidity position, the Company maintains access to an unsecured loan facility with its subsidiary company, Portsmouth
Square, Inc (“Portsmouth”), a related party. The initial facility, dated July 2, 2014, has undergone several amendments.
In March 2025, the facility was amended to:

    ●
    Increase
    the available borrowing capacity to $40,000,000, and

    ●
    Extend
    the maturity date to July 31, 2027.

    -8-

As
of September 30, 2025, the outstanding loan balance was $38,108,000, with no principal repayments made to date. All material intercompany
accounts and transactions have been eliminated in consolidation.

Real
Estate

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.

All
existing loans and mortgage obligations remained in good standing, and there were no material changes to the terms, maturities, or covenants
of any existing debt instruments.

Management
continues to monitor market conditions and the Company’s real estate portfolio for potential refinancing opportunities that could
improve liquidity or reduce interest costs; however, no such transactions were undertaken during the reporting period.

Liqu