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 5.148% per year, payable in monthly installments of interest only through February 2026. Beginning March 2026, bearing interest at 5.148% per year, payable in monthly installments of $195,149 (included interest) through September 2027, at which time the remaining balance is due. This note is collateralized by certain real estate in Fort Smith, AR known as Fort Smith Pavilion with a net book value of $33,757,300. Note payable to a bank, bearing interest at 5.19% per year, payable in monthly installments of $403,143 (including interest) through November 2028, 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 Huntsville, AL known as Valley Bend Shopping Center with a net book value of $63,497,530. Note payable to bank, bearing interest at 3.5% per year, payable in monthly installments of approximately $24,331 (including interest) through October 2031, at which time the remaining balance is due. This note does not have a prepayment penalty. This note is collateralized by certain real in Ottumwa, IA know as Quincy Plaza with a net book value of $7,493,955. Note payable to bank, bearing interest at SOFR plus 2.45% per year, payable in monthly installments of approximately $27,000 (including interest) through November 2029, at which time the remaining balance is due. Additionally, this note is under a swap contract. This note does not have a prepayment penalty. This note is collateralized by certain real known as Elk Grove Plaza with a net book value of $5,180,040. Note payable to a bank, bearing interest at SOFR plus 2.15% per year, payable in monthly installments of approximately $65,000 (including interest) through December 2027, at which time the remaining balance is due. Additionally, this note is under a swap contract. This note is collateralized by certain real estate in Schererville, Indiana known as Town Square Shopping Center with a net book value of $19,402,265. Note payable to a bank, bearing interest at SOFR plus 2.15% per year, payable in monthly installments of approximately $52,000 (including interest) through December 2027, at which time the remaining balance is due. Additionally, this note is under a swap contract. This loan was paid in full in November 2025. Note payable to a bank, bearing interest at a variable rate equal to the adjusted term SOFR Rate per year, payable in monthly installments of approximately $219,000 (including interest) through May 2027, at which time the remaining balance is due. Additionally, this note is under a swap contract. This note is collateralized by certain real estate in Novi, MI known as Novi Town Center with a net book value of $64,994,655. Note payable to a bank, bearing interest at daily simple SOFR plus 2.00%, payable in monthly installments of interest only through December 2028. Beginning January 2029 monthly installments of principal and interest through December 2032 at which time the remaining balance is due. The company has available $0 in unused loan proceeds. Note payable, bearing interest at 4.50% per year, payable in monthly installments of $94,651(including interest) through July 2033, at which time the remaining balance is due. Note payable to a bank, bearing interest at prime minus 100 basis points per year however in no event shall interest rate be less than 5.00%, payable in monthly installments of interest only through November 2028 at which time the remaining balance is due, The company has available $21,874,379 in unused loan proceeds.
410,695
35,339,305
-
35,750,000
977,068
72,321,118
645,041
60,298,592
169,443
3,363,019
163,526
3,532,388
138,600
3,940,700
132,500
4,079,300
439,248
12,392,823
423,108
12,832,071
-
-
338,436
10,263,998
1,209,409
42,622,959
1,149,400
43,832,367
3,254,796
244,767,140
-
108,596,501
328,452
17,762,297
314,025
18,090,749
-
8,125,621
-
-
24
92
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