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NOTES PAYABLE TO BANKS | 6 Months Ended
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Jul. 31, 2025
Notes Payable To Banks |
NOTES PAYABLE TO BANKS | 9. NOTES PAYABLE TO BANKS On October 17, 2017, the Trust entered into a Business Loan Agreement with Republic Bank of Arizona, now Pima Federal Credit Union, for a revolving line of credit for $150,000. The loan has a variable rate based on the published rate in the Wall Street Journal, was renewed in November 2023, and matures in November 2025. The balance of this note payable is $25,000 as of July 31, 2025. On October 17, 2017 Albuquerque Suite Hospitality LLC (the Albuquerque Hotel) entered into a Business Loan Agreement with Republic Bank of Arizona, now Pima Federal Credit Union, for a revolving line of credit for $50,000. The loan has a variable rate based on the published rate in the Wall Street Journal, was renewed in January 2023 and again in January 2025, and matures in January 2027. The balance of this note payable is $21,000 as of July 31, 2025. On October 17, 2017 Tucson Hospitality Properties LLLP (the Tucson Hotel) entered into a Business Loan Agreement with Republic Bank of Arizona, now Pima Federal Credit Union, for a revolving line of credit for $50,000. The loan has a variable rate based on the published rate in the Wall Street Journal, was renewed in January 2023 and again in January 2025, and matures in January 2027. The balance of this note payable is $33,000 as of July 31, 2025.

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