Masterbeat Corp (MSTO)

[Dr Blunt]

Per the recent $MSTO annual filing: On July 20, 2021, the Company purchased a real estate property at Baird Road, Santa Rosa Beach, FL 32459 for $965,765.50. The Company assumed a 12 month interest only mortgage in the amount of $374,000. This July will be two years the company has been paying on those two properties (interest only). A reminder for the most part CEO Josh can only build on one of the two properties purchased (wetlands is on the other). While the build is plugging along it's gonna take more than 6 months to build because of the restrictions. In addition to leveraging these two properties into one the recent filing indicates there is now a $230,000 SBA loan on it too. (Economic Injury Disaster Loan) well I should say there is a SBA sitting on Gulf or Baird or both.

Full Property Details
for Lot 35 Baird Rd
GENERAL
Sold For: $475,000
Taxes: $2,210 (2020)
Status: Closed
Type: Vacant Land
MLS ID: 873406
Added: 665 day(s) ago

Full Property Details
for Lot 36 Baird Rd
GENERAL
Sold For: $475,000
Taxes: $2,210 (2020)
Status: Closed
Type: Vacant Land
MLS ID: 873411
Added: 665 day(s) ago