Company: DREM
Filing Date: 2025-05-19
Form Type: 10-Q
Source: 0001641172-25-011417
Chunk: 8

Company: Dream Homes & Development Corp.
Filing Date: 2025-05-19
Form: 10-Q
Item: Item 8
Chunk 8
---

  
    Venture – Construction in progress 
     -  
     45,000 
  
    Others 
     34,525  
     244,974 
  
    Total 
    $6,057,758  
    $7,365,976 
  
    Inventories 
    $6,057,758  
    $7,365,976 

5.
Mortgages on Properties Held for Development:

 Schedule
Mortgages on Properties Held for Development

    March 31, 2025  
    December 31, 2024 
  
    Lynx Asset Services, LLC 
    $750,000  
    $750,000 
  
    Anchor Loans, LP 
     1,062,254  
     2,555,422 
  
    AC Development, LLC 
     326,479  
     326,479 
  
    AVB Development 
     323,537  
     323,537 
  
    Total mortgages payable 
     2,462,270  
     3,955,438 
  
    Less current portion 
     -  
     1,012,538 
  
    Long-term portion 
    $2,462,270  
    $2,942,900 

    F-10

6-Notes
Payable-Others/Loans Payable to Related Parties

Loans
payable to related parties is summarized as follows:

 Schedule
of Loans Payable to Related Parties

    March 31, 2025  
    December 31, 2024 

    Loan payable-Dream Homes, LTD 
    $4,306  
    $4,706 
  
    Loans payable to GPIL 
     641,310  
     657,310 
  
    Other related party loans 
     4,975  
     4,975 
  
    Total 
    $650,591  
    $666,991 

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

    March 31, 2025  
    December 31, 2024 

    Note payable-Chipman Trust 
    $47,500  
    $47,500 
  
    Note payable-Channel Partners