8-K
filed June 10, 2025, 7:59 PM ET
ticker NEN
CIK 0000746514
debt
confidence high
sentiment neutral
materiality 0.50
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN): debt financing — New England Realty obtains $58.7M in new debt from KeyBank at fixed rates
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP
- $40M advance at 5.99% fixed for purchase of Hill Estates in Belmont, MA.
- $18.664M advance at 5.84% fixed to refinance Hamilton Highlands property.
- Both advances secured by mortgages; Hill Estates also uses existing cash/bridge loan.
- Hamilton Highlands refinancing replaces prior Brookline Bank loan.
- Transactions completed May 30, 2025; terms consistent with prior 10-Q disclosure.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP incurred loan of $18,664,000 with KeyBank National Association at 5.84%.
- Instrument
- loan
- Principal
- $18,664,000
- Counterparty
- KeyBank National Association
- Rate
- 5.84%
- Event
- incurrence
Exact text from the filing
the Bank provided an additional advance in the amount of $18,664,000, at a fixed interest rate of 5.84%, secured by a mortgage on the Hamilton Highlands property.
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP incurred loan of $40,000,000 with KeyBank National Association at 5.99%.
- Instrument
- loan
- Principal
- $40,000,000
- Counterparty
- KeyBank National Association
- Rate
- 5.99%
- Event
- incurrence
Exact text from the filing
KeyBank agreed to provide the Partnership with an advance in the amount of $40,000,000, at a fixed interest rate of 5.99%.
View on SEC.gov
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