---
schema_version: "secwatch.filing_event.v1"
accession: "0001206774-26-000174"
form_type: "8-K"
ticker: "MAYS"
cik: "0000054187"
company_name: "MAYS J W INC"
filed_at: "2026-04-01T23:59:59+00:00"
generated_at: "2026-05-15T08:03:41.342733+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# J.W. Mays subsidiary obtains $6.2M loan at 7% fixed rate, secured by Ohio property

## Summary
- Borrowed $6.2M at 7% fixed interest via Putnam County National Bank; due April 1, 2031.
- Monthly payments of $48,068.53 begin May 1, 2026; prepayment penalty up to 3% in first year.
- Proceeds used $3.14M to repay existing secured loan; remainder for maintenance and tenant onboarding.
- Director Dean L. Ryder, chair of Audit Committee, is affiliated with lender; terms generally available.
- Company unconditionally guarantees all obligations of subsidiary borrower.

## SEC filing metadata
- accession: 0001206774-26-000174
- form_type: 8-K
- ticker: MAYS
- cik: 0000054187
- company_name: MAYS J W INC
- filed_at: 2026-04-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/54187/000120677426000174/0001206774-26-000174-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/54187/000120677426000174/mays4614721-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001206774-26-000174
- JSON: https://secwatch.observer/filing/0001206774-26-000174.json
- Plain text: https://secwatch.observer/filing/0001206774-26-000174.txt

## Source-grounded claims
- claim_id: d3bd239a6c71e8806bffaaeb8279f003940f326c
  claim: MAYS J W INC incurred loan of $6,200,000 with Putnam County National Bank at 7.00% per annum maturing April 1, 2031.
  evidence_excerpt: On March 27, 2026, J.W.M. Realty Corp., a wholly owned subsidiary (the “ Borrower ”) of J.W. Mays, Inc. (the " Company ") entered into a loan agreement with Putnam County National Bank of Carmel (the “ Lender ”) wherein the Borrower has obtained a loan secured by a first mortgage on its Circleville, Ohio property (the “ Loan ”) due and payable on April 1, 2031 (the “ Term Date ”). The Company has made an unconditional guarantee of all obligations and liabilities of the Borrower under the Loan. The Borrower borrowed a principal amount of $6,200,000 at a fixed interest rate of 7.00% per annum.
  evidence_url: https://www.sec.gov/Archives/edgar/data/54187/000120677426000174/0001206774-26-000174-index.htm
- claim_id: 74ec449d7b99a3aa4a69f7ffca112eb280aad596
  claim: MAYS J W INC entered into Loan Agreement with Putnam County National Bank valued at $6,200,000 (effective 2026-03-27).
  evidence_excerpt: On March 27, 2026, J.W.M. Realty Corp., a wholly owned subsidiary (the “ Borrower ”) of J.W. Mays, Inc. (the " Company ") entered into a loan agreement with Putnam County National Bank of Carmel (the “ Lender ”) wherein the Borrower has obtained a loan secured by a first mortgage on its Circleville, Ohio property (the “ Loan ”) due and payable on April 1, 2031 (the “ Term Date ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/54187/000120677426000174/0001206774-26-000174-index.htm

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