Quarterly report pursuant to Section 13 or 15(d)

Notes Payable (Tables)

v3.23.1
Notes Payable (Tables)
3 Months Ended
Mar. 31, 2023
Notes Payable.  
Summary of future principal payments on the notes payable

The following are the future principal payments on the notes payable as of March 31, 2023:

Year ending December 31,

    

Amount

Remainder of 2023

$

2024

 

58,163,000

2025

 

56,363,750

2026

 

51,750,000

2027

 

122,125,000

Total principal payments

 

288,401,750

Deferred financing costs

 

(7,793,640)

Total notes payable, net of deferred financing costs

$

280,608,110

Summary of estimated amortization of the deferred financing costs

The estimated amortization of the deferred financing costs as of March 31, 2023 is as follows:

Year ending December 31,

    

Amount

Remainder of 2023

$

1,745,150

2024

 

2,336,228

2025

 

1,807,606

2026

 

1,410,319

2027

 

494,337

Total deferred costs

$

7,793,640