secwatch.observer — SEC 8-K summary
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Issuer:     Trinity Place Holdings Inc. (TPHS)
CIK:        0000724742
Form:       8-K
Filed at:   2021-10-15T23:59:59+00:00
Accession:  0001104659-21-126822
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Trinity Place extends loan forbearance to Oct 29; secures $10.5M JV partner loan at 10%
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- Extended forbearance on 77 Greenwich and mezzanine loans through October 29, 2021.
- Requires full repayment of ~$189M loan principal plus fees and default interest to waive defaults.
- Accrued default interest of $2,021,002 from June 30 to Sep 30; default rate continues.
- Secured $10.5M loan from The Berkley JV partner at 10% interest, maturing in one year.
- Proceeds planned for refinancing the 77 Greenwich construction loan with a new inventory loan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/724742/000110465921126822/0001104659-21-126822-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/724742/000110465921126822/tm2129713d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-126822

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer