---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-028230"
form_type: "8-K"
ticker: "LINC"
cik: "0001286613"
company_name: "LINCOLN EDUCATIONAL SERVICES CORP"
filed_at: "2026-07-10T20:55:28+00:00"
generated_at: "2026-07-10T20:56:05.903297+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Lincoln Educational Services completes $18.8M property acquisition in Melrose Park, IL with $15.04M Provident Bank loan

## Summary
- Acquired facility and real property at 8315-8317 W. North Avenue, Melrose Park, IL for $18.8M from Melrose Omni, LLC.
- Funded with $15.04M mortgage from Provident Bank at 5.99% fixed for 5 years, then floating at 1.75% over 5-year Treasury (min 5%).
- Loan matures July 1, 2036; monthly payments of ~$97,628 starting August 1, 2026.
- Property previously operated as Melrose Park campus under lease; now owned.
- Loan secured by mortgage on property and guaranty from parent and subsidiaries.

## SEC filing metadata
- accession: 0001140361-26-028230
- form_type: 8-K
- ticker: LINC
- cik: 0001286613
- company_name: LINCOLN EDUCATIONAL SERVICES CORP
- filed_at: 2026-07-10T20:55:28+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1286613/000114036126028230/0001140361-26-028230-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1286613/000114036126028230/ef20077785_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-028230
- JSON: https://secwatch.observer/filing/0001140361-26-028230.json
- Plain text: https://secwatch.observer/filing/0001140361-26-028230.txt

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