secwatch.observer — SEC 8-K summary
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Issuer:     Strategic Student & Senior Housing Trust, Inc. (STSR)
CIK:        0001698538
Form:       8-K
Filed at:   2024-04-11T23:59:59+00:00
Accession:  0000950170-24-043747
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Strategic Student & Senior Housing Trust secures $34.5M refinancing loan from JPMorgan Chase
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- New $34.5M mortgage loan replaces existing $29.5M loan and provides cash reserves for the company.
- Interest rate is one-month SOFR plus 2.25%; all-in effective rate capped at 6.5% via interest rate cap.
- Initial term is one year, maturing April 9, 2025, with two six-month extension options.
- Loan is non-recourse; guaranteed by the company and Chairman H. Michael Schwartz.
- Collateral is a 199-unit, 593-bed student housing property in Fayetteville, AR (YOUnion at Fayetteville).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698538/000095017024043747/0000950170-24-043747-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698538/000095017024043747/sssht-20240410.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-043747

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