Debt Summary
Overview of all liabilities across personal and trust entities.
As of December 2, 2025
Total Debt
-$9,621,600
Mike & Becky Debt
-$3,978,000
Trust Debt
-$5,643,600
Monthly Debt Service
-$43,297
MC/RC Debt-to-RE Ratio
17.6%
Trust Debt-to-RE Ratio
47.2%
Debt to Asset Ratios: MC/RC Real Estate: 17.6% | Trust Real Estate: 47.2% | Combined: ~32%
📊 Debt by Entity
| Entity | Mortgage Debt | Other Debt | Total Debt |
|---|---|---|---|
| Mike & Becky (Personal) | -$935,000 | -$3,043,000 | -$3,978,000 |
| Trusts & Operating Companies | -$5,643,600 | $0 | -$5,643,600 |
| TOTAL | -$6,578,600 | -$3,043,000 | -$9,621,600 |
🏠 All Real Estate Debt
| Property | Entity | Balance |
|---|---|---|
| JP/Chase LOC ($5M line) | MC/RC | -$2,618,000 |
| Tribune Mortgage | ZRR-Alpha | -$1,390,000 |
| JP/Chase Berkeley (0212) | ZRR-Alpha | -$1,198,600 |
| Napa Mortgage | ZRR Charlie | -$1,000,000 |
| JP/Chase Bedford (0564) | MC/RC | -$935,000 |
| JP/Chase Maspeth (4773) - 2.65% | ZRR-Alpha | -$795,000 |
| Breck Mortgage | ZRR Charlie | -$660,000 |
| Conant Drive Mortgage - 3.2% | ZRR | -$600,000 |
| JP/Rooster Run (4 year term) | ZRR | -$400,000 |
| Credit Card Average | MC/RC | -$25,000 |
Mike & Becky Total Debt
-$3,978,000
RE FMV
$5,300,000
RE Debt
-$935,000
Debt Ratio
17.6%
🏦 Lines of Credit
-$2,618,000JP/Chase LOC
$5.0M line available
-$2,618,000
🏠 Mortgages
-$935,000JP/Chase Bedford (0564)
No Property Tax Escrow
-$935,000
Manhattan Co-Op
Paid off - no mortgage
$0
💳 Other Debt
-$25,000Credit Card Average Balance
-$25,000
📊 Real Estate Equity Summary
Real Estate FMV
$5,300,000
Real Estate Debt
-$935,000
Real Estate Equity
$4,365,000
Monthly Debt Service
-$4,208
Trust Total Debt
-$5,643,600
Trust RE FMV
$8,275,000
Trust RE Debt
-$5,043,600
Debt Ratio
47.2%
🏠 Trust Mortgages
-$5,643,600Tribune Mortgage
ZRR-Alpha
-$1,390,000
JP/Chase Berkeley (0212)
ZRR-Alpha
-$1,198,600
Napa Mortgage
ZRR Charlie
-$1,000,000
JP/Chase Maspeth (4773)
ZRR-Alpha | 2.65% rate
-$795,000
Breck Mortgage
ZRR Charlie
-$660,000
Conant Drive Mortgage
ZRR (Lakeview Mortgage) | 3.2% rate
-$600,000
📊 Trust Real Estate Summary
Trust Real Estate FMV
$8,275,000
Trust Mortgages
-$5,043,600
Trust Net Real Estate
$3,231,400
🏢 Debt by Operating Entity
| Entity | Property | Debt |
|---|---|---|
| ZRR-Alpha | Tribune, Berkeley, Maspeth | -$3,383,600 |
| ZRR Charlie | Napa, Breck | -$1,660,000 |
| ZRR | Conant Drive (Lakehouse) | -$600,000 |
| Total | -$5,643,600 | |