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Subsequent Events
3 Months Ended
Sep. 30, 2020
Subsequent Events [Abstract]  
Subsequent Events

NOTE 15 – SUBSEQUENT EVENTS

 

On October 30, 2020, the Company refinanced its Ocean Avenue Santa Monica property’s $4.8 million Fannie Mae mortgage with a new Fannie Mae mortgage in the amount of $8.4 million at a fixed rate of 2.52% for 10-years with interest only payments for two years. The Company received net proceeds of approximately $3.5 million and no prepayment penalty was due.