Annual report pursuant to Section 13 and 15(d)

Unsecured Notes Payable (Tables)

v3.24.1
Unsecured Notes Payable (Tables)
12 Months Ended
Dec. 31, 2023
Unsecured Notes Payable  
Summary of future principal payments on the notes payable

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

Years ending December 31,

    

Amount

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

 

(6,048,490)

Total notes payable, net of deferred financing costs

$

282,353,260

Summary of estimated amortization of the deferred financing costs

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

Years ending December 31,

 

Amount

2024

$

2,336,228

2025

 

1,807,606

2026

 

1,410,319

2027

 

494,337

Total deferred costs

$

6,048,490