Company: SQFTP
Filing Date: 2025-12-15
Form Type: S-11
Source: 0001493152-25-027787
Chunk: 31

Company: Presidio Property Trust, Inc.
Filing Date: 2025-12-15
Form: S-11
Chunk 31
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. Wherever possible, we prefer to obtain fixed rate mortgage financing as it provides better cost predictability. As of September 30, 2025, none of our mortgage loans included variable interest rate provisions.

In 2025, we have $1.5 million of principal payments on mortgage notes payable related to the Model Home Properties, including $1.3 million payments related to mortgage notes payable that mature in 2025. We plan to refinance a significant portion of the mortgage notes payable or sell the model home properties to repay the mortgage notes payable. We have $8.9 million of principal payments on mortgage notes payable relating to commercial properties in 2025, one of which matured in 2024 for Dakota Center. During December 2024, the lender agreed to the broker the Company would use to sell the property to settle the non-recourse debt. As of September 30, 2025, the property was included in the real estate assets held for sale, net on the consolidated balance sheet. During July 2025, the lender approved a purchase offer from a third party for $5,125,000. The sale is expected to take place during the first quarter 2026. The loan is considered non-recourse and we will not be required to make up the difference if the property sells for less than the loan balance.

Our short-term liquidity needs include satisfying the debt service requirements of our existing mortgages. Overall the commercial properties and Model Homes adequately covered their debt servicing needs during the year ended December 31, 2024, and management expect this to continue during the next twelve months. If our cash flow from operating activities is not sufficient to fund our short-term liquidity needs, we will fund a portion of these needs from additional borrowings of secured or unsecured indebtedness, from real estate sales, from sales of equity or debt securities, or we will reduce the rate of distribution to the stockholders.

Our mortgage obligations consist of the following:

Mortgage notes payable consist of the following:

| Mortgage note               
 property                    |     | Principal 
 as of     
 2025      |  September 
        30, |   |     | 2024 | December 31, |   |     | Type | Loan  |     | Rate 
 (1)  | Interest |   |     | Maturity |           |
|:----------------------------|:----|:----------|-----------:|:--|:----|:-----|-------------:|:--|:----|:-----