Heritage Global subsidiary obtains $4.1M mortgage to buy corporate headquarters property

Heritage Global Inc.

Heritage Nancy Ridge, subsidiary of Heritage Global, entered $4.1M term loan with C3bank, maturing Feb 2035.
Interest fixed at 6.500% for first 3 years, then variable based on 1M Term SOFR + 2.250%.
Prepayment fees: 3% in year 1, 2% in year 2, 1% in year 3 of amount prepaid.
Loan proceeds to purchase 6130 Nancy Ridge Drive property for future corporate HQ and warehouse/office.
Heritage Global Inc. is guarantor; loan secured by the property.

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