---
schema_version: "secwatch.filing_event.v1"
accession: "0000891092-22-000025"
form_type: "8-K"
ticker: "SIEB"
cik: "0000065596"
company_name: "SIEBERT FINANCIAL CORP"
filed_at: "2022-01-05T23:59:59+00:00"
generated_at: "2026-06-27T20:46:17.164745+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Siebert Financial buys Miami Beach office building for $6.75M, funds with loans from Gebbia and East West Bank

## Summary
- Purchase price $6.75M for 12,000 sq ft office at 653 Collins Ave, Miami Beach; will serve as primary operations for RISE Prime (ESG-focused prime brokerage).
- Funded by $750k cash, $2M loan from controlling shareholder Gloria Gebbia at 4% annual interest, maturing Dec 2022.
- $4M loan from East West Bank at 3.6% first 7 years then prime, 10-year term, 30-year amortization, secured by building.
- Building expands Siebert's presence in Greater Miami area; RISE Prime offers prime brokerage aligned with ESG initiatives.

## SEC filing metadata
- accession: 0000891092-22-000025
- form_type: 8-K
- ticker: SIEB
- cik: 0000065596
- company_name: SIEBERT FINANCIAL CORP
- filed_at: 2022-01-05T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/65596/000089109222000025/0000891092-22-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/65596/000089109222000025/sieb8k2021.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000891092-22-000025
- JSON: https://secwatch.observer/filing/0000891092-22-000025.json
- Plain text: https://secwatch.observer/filing/0000891092-22-000025.txt

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