---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-120423"
form_type: "8-K"
ticker: "TPHS"
cik: "0000724742"
company_name: "Trinity Place Holdings Inc."
filed_at: "2023-11-21T23:59:59+00:00"
generated_at: "2026-06-07T23:02:35.379825+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# 77 Mortgage Lender demands $104.1M; default interest accruing, foreclosure threat

## Summary
- On Nov 16, 2023, 77 Mortgage Lender demanded $104,119,299 under 77 Mortgage Loan Agreement.
- Default interest (contract rate +5%) is now accruing on the entire indebtedness.
- Forbearance agreements with Mezzanine and CCF lenders may terminate if foreclosure proceeds.
- Company in discussions for restructuring/extension of the 77 Mortgage Loan, with no assurance of outcome.
- Company guarantees cover completion, interest, and bad-boy provisions under the loan.

## SEC filing metadata
- accession: 0001104659-23-120423
- form_type: 8-K
- ticker: TPHS
- cik: 0000724742
- company_name: Trinity Place Holdings Inc.
- filed_at: 2023-11-21T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.04
- EDGAR index: https://www.sec.gov/Archives/edgar/data/724742/000110465923120423/0001104659-23-120423-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/724742/000110465923120423/tm2331356d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-120423
- JSON: https://secwatch.observer/filing/0001104659-23-120423.json
- Plain text: https://secwatch.observer/filing/0001104659-23-120423.txt

## Key facts
- Debt Financings
  Trinity Place Holdings Inc. reported a default on loan of $104,119,299 with Macquarie PF Inc., as lender and administrative agent (the "77 Mortgage Lender") at default interest (the contract rate plus 5%).
  - Instrument: loan
  - Principal: $104,119,299
  - Counterparty: Macquarie PF Inc., as lender and administrative agent (the "77 Mortgage Lender")
  - Rate: default interest (the contract rate plus 5%)
  - Event: default
  source text: On November 16, 2023, the 77 Mortgage Lender sent a notice of demand to the 77 Mortgage Borrower, reserving all rights, stating that the entire amount of the indebtedness under the 77 Mortgage Loan Agreement that is due and payable as of such date is $104,119,299 and that default interest (the contract rate plus 5%) is accruing.
  evidence_url: https://www.sec.gov/Archives/edgar/data/724742/000110465923120423/0001104659-23-120423-index.htm

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