Strategic Student & Senior Housing Trust extends KeyBank bridge loan maturity to June 2025

Strategic Student & Senior Housing Trust, Inc.

Maturity extended from April 30, 2024 to June 30, 2025; extension fee of 0.55% of $25.6M balance paid.
Outstanding balance as of March 13, 2024 is approx $25.6 million.
Company pledged certain future financing proceeds as collateral via Pledge and Security Agreement.
KeyBank released $0.9 million in interest reserves previously held as collateral.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Strategic Student & Senior Housing Trust, Inc. amended Eighth Amendment with KeyBank National Association valued at extension fee equal to 0.55% of the outstanding principal balance of the KeyBank Bridge Loans as of (effective 2024-03-13).

Action: amendment
Agreement: credit facility
Counterparty: KeyBank National Association
Value: extension fee equal to 0.55% of the outstanding principal balance of the KeyBank Bridge Loans as of
Effective: 2024-03-13

Exact text from the filing

On March 13, 2024, the KeyBank Bridge Borrowers entered into the Eighth Amendment to the KeyBank Bridge Loans (the “Eighth Amendment”) to, among other matters, extend the maturity date of the KeyBank Bridge Loans from April 30, 2024 to June 30, 2025.

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Strategic Student & Senior Housing Trust, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-032914

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