secwatch.observer — SEC 8-K summary
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Issuer:     NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN)
CIK:        0000746514
Form:       8-K
Filed at:   2021-11-16T23:59:59+00:00
Accession:  0001104659-21-140095
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/746514/000110465921140095/0001104659-21-140095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/746514/000110465921140095/tm2133143d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-140095

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