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:   2022-04-29T23:59:59+00:00
Accession:  0001104659-22-053159
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NEN secures $79.96M fixed-rate addition loan at 4.33% to refinance four properties
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- Loan amount $79,955,000 at 4.33% fixed rate, 120-month term, 420-month amortization.
- Proceeds used to pay down $37,147,000 of existing debt plus $1,895,000 in prepayment penalties.
- Remaining $40,913,000 allocated for general partnership purposes.
- Good faith deposit of $1,599,100 paid; closing targeted by June 10, 2022.
- Properties securing loan: Courtyard at Westgate, Hamilton Village, Stonebridge Apartments, Westgate Apartments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/746514/000110465922053159/0001104659-22-053159-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/746514/000110465922053159/tm2213871d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-053159

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