BRT extends revolving credit facility to Sep 2027, reduces capacity to $40M, obtains $28M mortgage at 5.22%

BRT Apartments Corp.

Credit facility maturity extended two years to September 2027; maximum borrowing reduced from $60M to $40M.
Expects ~$28M seven-year mortgage on Woodland Trails – LaGrange, GA at 5.22% fixed, interest-only through 2031.
Minimum wholly-owned properties required increased from 5 to 10; BRT currently owns 21 wholly-owned properties.
Approximately $317,000 in fees paid to lender in connection with the amendment.
Proceeds from mortgage to be used for multifamily investments and general corporate purposes, including possible stock repurchases.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.