TY 2021 IRS 990 e-File Render
Name:
THE SIMONS FOUNDATION INC
Total Mortgage Amount: 188,671,971
Item No. |
1 |
Lender's Name |
MIDLAND LOAN SERVICES (FOUNDATION OFFICE) |
Lender's Title |
|
Relationship to Insider |
|
Original Amount of Loan |
110,000,000 |
Balance Due |
110,000,000 |
Date of Note |
|
Maturity Date |
|
Repayment Terms |
ON DEMAND |
Interest Rate |
|
Security Provided by Borrower |
NONE |
Purpose of Loan |
TO FUND OPERATIONS |
Description of Lender Consideration |
NONE |
Consideration FMV |
|
Item No. |
2 |
Lender's Name |
BANK OF AMERICA (ALABAMA FLATS CO-OP SHARES & CONDO UNITS) |
Lender's Title |
|
Relationship to Insider |
|
Original Amount of Loan |
78,030,000 |
Balance Due |
78,030,000 |
Date of Note |
|
Maturity Date |
|
Repayment Terms |
ON DEMAND |
Interest Rate |
|
Security Provided by Borrower |
NONE |
Purpose of Loan |
TO PURCHASE COOP UNITS |
Description of Lender Consideration |
NONE |
Consideration FMV |
|
Item No. |
3 |
Lender's Name |
PRO-RATA CO-OP ASSOCIATION MORTGAGE |
Lender's Title |
|
Relationship to Insider |
|
Original Amount of Loan |
607,496 |
Balance Due |
641,971 |
Date of Note |
|
Maturity Date |
|
Repayment Terms |
ON DEMAND |
Interest Rate |
|
Security Provided by Borrower |
NONE |
Purpose of Loan |
ALABAMA FLAT'S PRO-RATA SHARE OF OUTSTANDING MORTAGE HELD BY APARTMENT COOP |
Description of Lender Consideration |
|
Consideration FMV |
|