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As of December 31, 1988, PKVI LP had the following loan
agreements outstanding:
Outstanding
Interest Principal Balance
Lender Maturity Date Rate as of 12/31/88
Daley Corp. July 1, 1989 -- $3,416
First Fidelity Jan. 18, 1989 11.50% 75,000
First Fidelity Jan. 18, 1989 12.00 50,000
Liberty Life Dec. 1, 1998 10.50 612,365
Liberty Life Apr. 1, 2001 10.70 800,000
Liberty Life Aug. 20, 2001 11.35 400,000
MGFP Mar. 31, 1990 10.00 328,500
As of that date, the outstanding principal balances of the
transfers associated with these agreements totaled $2,269,281.
Of this $2,269,281, $193,060 was listed as a current
liability on the Statement of Financial Condition included in
PKVI LP’s audited financial statements for the year ended
December 31, 1988, and as “Mortgages, notes, and bonds payable in
less than 1 year” on the Schedule L attached to PKVI LP’s
Form 1065 for 1988. The balance of this amount was listed as a
long-term liability on the Statement of Financial Condition
included in PKVI LP’s audited financial statements for the year
ended December 31, 1988, and as “Mortgages, notes, and bonds
payable in 1 year or more” on the Schedule L attached to
PKVI LP’s Form 1065 for 1988.
As of December 31, 1989, PKVI LP had the following loan
agreements outstanding:
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