secwatch.observer — SEC 8-K summary
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Issuer:     ADM ENDEAVORS, INC. (ADMQ)
CIK:        0001588014
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0001493152-22-030092
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ADM Endeavors enters $4.62M construction loan with CapTex Bank at 5.5%
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- Loan of up to $4,618,960 for construction and refinance of properties in Fort Worth and Haltom City, TX.
- Interest rate 5.5% p.a., adjusting Oct 2027 to prime +1% (subject to 18% cap).
- Interest-only payments Nov 2022–Apr 2024; then $26,458.87 monthly P&I through Oct 2032.
- Secured by deeds of trust on both properties and personal guarantee of CEO Marc Johnson; $46,189.60 origination fee.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1588014/000149315222030092/0001493152-22-030092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1588014/000149315222030092/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-030092

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