Sterling Real Estate Trust secures $40M revolving credit facilities from Gate City Bank

Sterling Real Estate Trust

Two $20M credit agreements executed Nov 21, 2025; one at prime minus 1.5% (5.50%), other at prime minus 0.75% (6.25%).
Three-year term; secured by mortgages on properties and fully guaranteed by the trust.
Proceeds for operating needs and acquisitions.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sterling Real Estate Trust entered into Credit Agreement with Gate City Bank valued at $20.0 million (effective 2025-11-21).

Action: entry
Agreement: credit facility
Counterparty: Gate City Bank
Value: $20.0 million
Effective: 2025-11-21

Exact text from the filing

On November 21, 2025 (the “Effective Date”), Sterling Properties LLLP (the "Operating Partnership"), a wholly-owned subsidiary of Sterling Real Estate Trust (the “Company”), entered into a Credit Agreement (the “Credit Agreement”) with Gate City Bank (“Lender”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sterling Real Estate Trust entered into Credit Agreement with Gate City Bank valued at $20.0 million (effective 2025-11-21).

Action: entry
Agreement: credit facility
Counterparty: Gate City Bank
Value: $20.0 million
Effective: 2025-11-21

Exact text from the filing

Additionally, On November 21, 2025 (the “Effective Date”), Sterling Properties LLLP (the "Operating Partnership"), a wholly-owned subsidiary of Sterling Real Estate Trust (the “Company”), entered into a Credit Agreement (the “Credit Agreement”) with Gate City Bank (“Lender”).

View on SEC.gov

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Source: SEC EDGAR

accession 0001104659-25-116039

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