Company: DREM
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0001641172-25-025675
Chunk: 12

Company: Dream Homes & Development Corp.
Filing Date: 2025-08-27
Form: 10-Q
Item: Item 8
Chunk 12
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2025, the Company sold 12 improved building pads in the Berkeley Terrace development to a national builder. The gross sale was in the amount of $1,536,429 and will be reflected in Q3 income.

2.On July 11, 2025, the Company sold 7 improved building pads in the Lacey Pines development to a national builder. The gross sale was in the amount of $893,473 and will be reflected in Q3 income.

3.On
                                            August 14, 2025, the Company closed on a funding facility with Asset Based Lending for the
                                            Autumn Run manufactured home development. The total facility is in the amount of $13,600,000
                                            and includes a refinance of the existing land debt, a percentage of the infrastructure/site
                                            development costs and a vertical construction facility for the entire development. As a result
                                            of this funding, the existing $750,000 mortgage with Lynx Assets has been retired.

F-13

ITEM
2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

This
Quarterly Report on Form 10-Q and other written reports and oral statements made from time to time by the Company may contain so-called
“forward-looking statements,” all of which are subject to risks and uncertainties. One can identify these forward-looking
statements by their use of words such as “expect,” “plan,” “will,” “may,” “anticipate,”
“believe,” “estimate,” “should,” “intend,” “forecast,” “project”
the negative or plural of these words, and other comparable terminology. One can identify them by the fact that they do not relate strictly
to historical or current facts. statements are likely to address the Company’s growth strategy, financial results and product and
development programs. One must carefully consider any such statement and should understand that many factors could cause actual results
to differ from the Company’s forward-looking statements. These factors include inaccurate assumptions and a broad variety of other
risks and uncertainties, including some that are known and some that are not. No forward-looking statement can be guaranteed and actual
future results may vary materially. The Company does not assume the obligation to update any forward-looking statement. One should carefully
evaluate such statements in light of factors described in the Company’s filings with the SEC, especially the Company’s Annual
Report on Form 10-K and the Company’s Quarterly Reports on Form 10-Q. In various filings the Company has identified important factors