New England Realty Associates enters $25M revolving credit line with Brookline Bank

NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP

$25M revolving line of credit with Brookline Bank; matures Nov 21, 2027 with one-year extension option at Lender's discretion.
Interest rate: SOFR + 250 bps; unused line fee of 75 bps (waived if Borrower maintains $20M+ deposits with Brookline).
Financial covenants include Debt Yield ≥8.5%, Leverage Ratio ≤65%, DSCR ≥1.5x, usage ≤1.5x trailing 12-month Adj. EBITDA, min liquidity $15M.
Facility secured by a first-priority pledge of Borrower's equity interests in its subsidiaries.
Commitment fee of 25 bps on Maximum Availability paid to Lender.

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