Safe and Green Development sells 29 acres in St. Mary's, GA for $1.4M; receives cash and 90-day note

RenX Enterprises Corp.

Sold ~29 acres zoned for manufacturing to Pigmental, LLC for $1.4M; received $438,328 cash and a $960,672 promissory note.
Note bears 10% interest, balloon payment due in 90 days; borrower may extend 30 days up to 3 times at $10,000 per extension.
Sale is part of a strategy to monetize real estate holdings that have increased in value.
Note secured by personal guaranty and security interest in the property; filing of security interest deferred until pre-existing Holley Loan cleared.

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