Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
REGIONAL HEALTH PROPERTIES, INC incurred credit facility of $7,777,900 with Newpoint Real Estate Capital LLC at 3.97% fixed for the full term maturing Northwood and Greenfield mature November 1, 2052; Pavilion matures December 1, 2039.
- Instrument
- credit facility
- Principal
- $7,777,900
- Counterparty
- Newpoint Real Estate Capital LLC
- Rate
- 3.97% fixed for the full term
- Maturity
- Northwood and Greenfield mature November 1, 2052; Pavilion matures December 1, 2039
- Event
- incurrence
Exact text from the filing
On October 21, 2022, Regional Health Properties Inc. (the “Company”), through wholly-owned subsidiaries, consummated a HUD refinancing of its senior mortgages on three skilled nursing facilities in Ohio. Funding was provided by Newpoint Real Estate Capital LLC (“Newpoint”) pursuant to three HUD guaranteed secured Healthcare Facility Notes (the “HUD Notes”). Proceeds from the HUD Notes were used to pay off existing HUD guaranteed secured mortgages and pay transaction costs. Newpoint is the servicer on other loans extended to the Company. The aggregate principal amount of the three HUD Notes is $7,777,900, and the interest rate on the three HUD Notes is 3.97% fixed for the full term of each HUD Note. The Northwood HUD Note has a principal amount of $4,986,800 and matures on November 1, 2052. The Greenfield HUD Note has a principal amount of $1,951,800 and matures on November 1, 2052. The Pavilion HUD Note has a principal amount of $839,300 and matures on December 1, 2039.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
REGIONAL HEALTH PROPERTIES, INC entered into HUD guaranteed secured Healthcare Facility Notes (the “HUD Notes”) with Newpoint Real Estate Capital LLC valued at $7,777,900 (effective 2022-10-21).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Newpoint Real Estate Capital LLC
- Value
- $7,777,900
- Effective
- 2022-10-21
Exact text from the filing
On October 21, 2022, Regional Health Properties Inc. (the “Company”), through wholly-owned subsidiaries, consummated a HUD refinancing of its senior mortgages on three skilled nursing facilities in Ohio. Funding was provided by Newpoint Real Estate Capital LLC (“Newpoint”) pursuant to three HUD guaranteed secured Healthcare Facility Notes (the “HUD Notes”).
View on SEC.gov