---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-140095"
form_type: "8-K"
ticker: "NEN"
cik: "0000746514"
company_name: "NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP"
filed_at: "2021-11-16T23:59:59+00:00"
generated_at: "2026-06-28T08:02:09.428297+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# New England Realty Associates enters $156M rate lock agreement with KeyBank at 2.97%

## Summary
- $156M fixed-rate loan at 2.97% via KeyBank/Fannie Mae; 120-month term, interest-only.
- Proceeds: ~$65M to pay down existing debt on 11 properties, ~$5M prepayment penalties.
- Remaining ~$86M for general partnership purposes.
- Good faith deposit of $3.12M (2% of loan) paid; deposit credited at closing.

## SEC filing metadata
- accession: 0001104659-21-140095
- form_type: 8-K
- ticker: NEN
- cik: 0000746514
- company_name: NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP
- filed_at: 2021-11-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/746514/000110465921140095/0001104659-21-140095-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/746514/000110465921140095/tm2133143d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-140095
- JSON: https://secwatch.observer/filing/0001104659-21-140095.json
- Plain text: https://secwatch.observer/filing/0001104659-21-140095.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.