Notes & Loans
Inter-entity notes receivable, notes payable, and AV bonds between family entities.
As of December 2, 2025
Total Inter-Entity Notes
$2,350,000
Notes Receivable (MC)
$1,950,000
AV Bonds Outstanding
$400,000
Active Notes
4
📥 Notes Receivable (MC/RC)
$1,950,000Notes payable from trusts/operating companies to Mike Collins personally
ZRR-A Note to MC Receivable
For Tribune Tower 1502 acquisition
ZRR-Alpha
→
Mike Collins
$1,700,000
ZRR Note to MC Receivable
For Rooster Run property acquisition
ZRR
→
Mike Collins
$250,000
Total Notes Receivable (MC)
$1,950,000
📜 AV Bonds
$400,000AV bonds distributed to operating companies for investment/operations
2024 AV Bond to ZRR-Delta AV Bond
Distributed 2024
Alumni Ventures
→
ZRR-Delta
$250,000
2025 AV Bond to ZRR-Charlie AV Bond
Distributed 2025
Alumni Ventures
→
ZRR-Charlie
$150,000
Total AV Bonds Outstanding
$400,000
📊 All Notes & Loans Summary
| Description | From | To | Purpose | Amount |
|---|---|---|---|---|
| ZRR-A Note | ZRR-Alpha | MC | Tribune 1502 | $1,700,000 |
| ZRR Note | ZRR | MC | Rooster Run | $250,000 |
| Notes Receivable Subtotal | $1,950,000 | |||
| 2024 AV Bond | AV | ZRR-Delta | Distribution | $250,000 |
| 2025 AV Bond | AV | ZRR-Charlie | Distribution | $150,000 |
| AV Bonds Subtotal | $400,000 | |||
| TOTAL | $2,350,000 | |||
🔗 Entity Relationships
Operating Company Structure
- ZRR - Parent operating entity (Lakehouse/Conant)
- ZRR-Alpha - Tribune Tower, Berkeley, Maspeth properties
- ZRR-Charlie - Napa, Breckenridge properties
- ZRR-Delta - Investment/distribution entity
📋 Notes
- Notes Receivable represent loans MC made to trust entities for property acquisitions
- These are assets to MC/RC and offset liabilities in the trusts
- AV Bonds are distributions from Alumni Ventures held in operating companies
- Interest rates and repayment terms documented in original note agreements
- Net effect on consolidated family balance sheet is zero (internal transfers)
- Important for tax basis tracking and entity-level accounting