Trinity Place enters forbearance with mortgage lender Macquarie PF through Nov 15, 2023

Trinity Place Holdings Inc.

Forbearance effective Sept 1, 2023, covers missed interest and maturity payments on Mortgage Loan Agreement.
Forbearance period ends Nov 15, 2023, or earlier if other defaults occur or strategic talks end.
Company previously secured forbearance from Mezzanine and CCF lenders through Dec 31, 2023.
Company continues pursuing strategic alternatives with a large asset manager; no assurance of any deal.
Mortgage Lender agreed to forbear on Milestone Construction Hurdles and Quarterly Sales Hurdle defaults.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.7

Trinity Place Holdings Inc. entered into Mortgage Loan Forbearance Agreement with Macquarie PF Inc. (effective 2023-09-06).

Action: entry
Agreement: settlement
Counterparty: Macquarie PF Inc.
Effective: 2023-09-06

Exact text from the filing

under the Master Loan Agreement, dated as of October 22, 2021 (the “ Mortgage Loan Agreement ”), by and between the Mortgage Borrower and Macquarie PF Inc., as lender and administrative agent (the “ Mortgage Lender ”) , entered into a Forbearance Agreement effective as of September 1, 2023 (the “ Mortgage Loan Forbearance Agreement ”)

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197 material agreements filed in the last 30 days. Browse all material agreements →

Trinity Place Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-098735

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