---
schema_version: "secwatch.filing_event.v1"
accession: "0000014846-24-000041"
form_type: "8-K"
ticker: "BRT"
cik: "0000014846"
company_name: "BRT Apartments Corp."
filed_at: "2024-07-15T23:59:59+00:00"
generated_at: "2026-05-31T20:42:01.505215+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000014846-24-000041
- form_type: 8-K
- ticker: BRT
- cik: 0000014846
- company_name: BRT Apartments Corp.
- filed_at: 2024-07-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/14846/000001484624000041/0000014846-24-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/14846/000001484624000041/brt-20240712.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000014846-24-000041
- JSON: https://secwatch.observer/filing/0000014846-24-000041.json
- Plain text: https://secwatch.observer/filing/0000014846-24-000041.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.