Cuentas signs LOI to sell Brooksville property for $7.2M, up from $5.05M purchase

Cuentas Inc.

LOI for sale of Brooksville, FL property at $7.2M; originally purchased April 2023 for $5.05M.
Cuentas contributed $2M and ~$65k engineering; holds 63% interest in Brooksville Development Partners.
$3.055M mortgage with Republic Bank of Chicago amended, maturity extended to January 25, 2025.
$500K Loan Extension Agreement with ALF Trust for interest reserve and working capital needs.
Closing expected within 75 days after due diligence; $75K earnest money deposit.

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