other material
confidence high
sentiment neutral
materiality 0.40
FREIT extends $16.5M loan on Westwood Plaza by 90 days to May 1, 2025
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.
- Extended $16.5 million loan with Provident Bank secured by Westwood Plaza Shopping Center.
- Maturity moved from February 1, 2025 to May 1, 2025 (90-day extension).
- All other terms and conditions of the existing loan agreement remain unchanged.