secwatch.observer — SEC 8-K summary
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Issuer:     LINCOLN EDUCATIONAL SERVICES CORP (LINC)
CIK:        0001286613
Form:       8-K
Filed at:   2026-07-10T20:55:28+00:00
Accession:  0001140361-26-028230
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1286613/000114036126028230/0001140361-26-028230-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1286613/000114036126028230/ef20077785_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-028230

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