FINANCIAL RESULTS
Albanese Cormier Holdings, LLC and Subsidiaries NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Years ended December 31, 2025 and 2024
12. Long - Term Debt, continued
2025
2024
Current
Noncurrent
Current
Noncurrent
Note payable to a bank, bearing interest at 3.99% per year, payable in monthly installments of $57,485 (including interest) through November 2030 at which time the remaining balance is due. This note is collateralized by certain real estate in Beaumont, Texas known as Westmont Shopping Center with a net book value of $13,272,395. Note payable to a bank, bearing interest at 3.99% per year, payable in monthly installments of $31,433 (including interest) through December 2030 at which time the remaining balance is due. This note is collateralized by certain real estate in Beaumont, Texas known as Colonnade Shopping Center with a net book value of $9,028,210. Note payable to a bank, bearing interest at SOFR plus .85 per year, payable in monthly payments of interest only. This note was paid in full November 2025. Note payable to a bank, bearing interest at 6.00% per year, payable in monthly payments of $13,818(including interest) through July 2029. This note is collateralized by certain real estate in Beaumont, Texas known as 6310 Beaumont with a net book value of $2,911,940. Note payable to a bank, bearing interest at 3.99% per year and due in monthly installments of $212,209 (including interest). The note is due through October 2029 at which time the remaining balance is due. This note is collateralized by certain real estate in Beaumont, Texas known as Edison Plaza with a net book value of $38,553,450. Note payable to a bank, bearing interest at prime rate plus 3.0% per year, payable in monthly installments of approximately $65,000 (including interest) through November 2025, at which time the remaining balance is due. This note does not have a prepayment penalty. This note is paid in full November 2025. Note payable to a bank, bearing interest at SOFR plus 1.75 per year and payable in monthly installments of approximately $70,000 (including interest) through November 2030, at which time the remaining balance is due. This note does not have a prepayment penalty. This note is collateralized by certain real estate in Pine Bluff, Arkansas know as Jefferson Square with a net book value of $10,650,630. Note payable to a bank, bearing interest at 4.25% per year and due in monthly installments of approximately $39,260 (including interest) through May 2028, at which time the remaining balance is due. This note is collateralized by certain real estate in Nederland, Texas known as Mid County Shopping Center with a net book value of $7,976,010. Note payable to a bank, bearing interest at 2.75% plus Index per year and due in monthly installments of $7,373 (including interest) through December 2027 at which time the remaining balance is due. This note does not have a prepayment penalty. This note, is collateralized by certain real estate in Lake Charles, Louisiana known as East Town Shopping Center with a net book value of $1,763,090. Note payable to a bank, bearing interest at 4.95% per year and due in monthly installments of $65,339 (including interest) through September 2027 at which the remaining balance is due. This note does not have a prepayment penalty. This note is collateralized by real estate in Hot Springs, Arkansas known as Central Shopping Center with a net book value of $7,545,050.
312,536
9,152,503
300,339
9,470,355
170,216
5,021,972
162,272
5,196,407
-
-
-
2,137,405
47,876
1,901,503
29,573
1,957,441
1,223,769
32,124,862
1,175,783
33,344,613
-
-
7,484,980
-
304,300
9,695,700
-
-
189,607
6,354,766
183,920
6,549,062
47,459
760,811
18,335
834,399
444,316
6,279,114
423,427
6,723,524
23
91 AlbaneseCormier® | 2025 Annual Report
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