{"schema_version":"secwatch.filing_event.v1","accession":"0001206774-26-000284","form_type":"8-K","ticker":"MAYS","cik":"0000054187","company_name":"MAYS J W INC","filed_at":"2026-05-15T20:16:31+00:00","discovered_at":"2026-05-15T20:24:08.302716+00:00","generated_at":"2026-05-15T21:15:27.734505+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"J.W. Mays enters $8M mortgage loan with Beacon Bank for Fishkill property expansion","bullets":["Principal $8M; $2M advanced at closing; secured by first lien on Fishkill, NY property.","Advance period interest: WSJ Prime + 100 bps, floor 7.25%; amortization period thereafter.","Proceeds used to construct expansion rentable space for an existing tenant at Fishkill.","Balloon payment due May 1, 2036; amortized over 25 years but matures in 10 years.","Mandated $1M minimum combined operating/tenant security account balance with lender."],"urls":{"canonical":"https://secwatch.observer/filing/0001206774-26-000284","json":"https://secwatch.observer/filing/0001206774-26-000284.json","markdown":"https://secwatch.observer/filing/0001206774-26-000284.md","text":"https://secwatch.observer/filing/0001206774-26-000284.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/54187/000120677426000284/0001206774-26-000284-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/54187/000120677426000284/mays4638551-8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T21:15:27.734505+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"650dcea017ebf80a12afa0e827e4e0c396886f22","claim":"MAYS J W INC incurred credit facility of $8,000,000 with Beacon Bank & Trust at WSJ Prime Rate plus 100 basis points, subject to a Minimum Interest Rate of 7.25 maturing May 1, 2036.","evidence_excerpt":"a first lien mortgage on the Company’s property at Fishkill, New York on Route 9 at Interstate Highway 84 (the “ Fishkill Property ”). The Company borrowed a principal amount of $8,000,000, or such lesser sum as shall have been advanced pursuant to that certain Non-Revolving Line of Credit and Building Loan Mortgage Note between the Company and Lender, dated May 11,","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/54187/000120677426000284/0001206774-26-000284-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$8,000,000"},{"label":"Counterparty","value":"Beacon Bank & Trust"},{"label":"Rate","value":"WSJ Prime Rate plus 100 basis points, subject to a Minimum Interest Rate of 7.25"},{"label":"Maturity","value":"May 1, 2036"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"c319ca8ef3efefd04e07115fa11e6cceac4c3197","claim":"MAYS J W INC entered into loan agreement with Beacon Bank & Trust valued at $8,000,000 (effective 2026-05-12).","evidence_excerpt":"On May 12, 2026, J.W. Mays, Inc. (the \" Company \") entered into a loan agreement with Beacon Bank & Trust, a Massachusetts Trust Company (the “ Lender ”) wherein the Company has obtained a loan (the “ Loan ”) secured by a first lien mortgage on the Company’s property at Fishkill, New York","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/54187/000120677426000284/0001206774-26-000284-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Beacon Bank & Trust"},{"label":"Value","value":"$8,000,000"},{"label":"Effective","value":"2026-05-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}