{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-22-078745","form_type":"8-K","ticker":"ZDPY","cik":"0001279620","company_name":"Zoned Properties, Inc.","filed_at":"2022-12-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.981997+00:00","generated_at":"2026-06-21T06:40:35.491584+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Zoned Properties subsidiary amends $4.5M loan to fixed-rate swap, commences principal payments","bullets":["First Amendment to Loan Agreement requires Zoned Arizona to begin paying principal + interest on $4.5M MAL (multiple access loan).","Amended and Restated Promissory Note (Swap Note): $4.5M principal, interest at prime + 0.75%, matures 10 years, payments amortized over 30 years.","Interest rate swap transaction fixed at 7.65%, governed by ISDA Master Agreement.","No further advances under the MAL; Zoned Arizona elected Early Amortization Election as of Dec 7, 2022.","Company reaffirmed its Guaranty of Zoned Arizona's obligations under the amended loan."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-22-078745","json":"https://secwatch.observer/filing/0001213900-22-078745.json","markdown":"https://secwatch.observer/filing/0001213900-22-078745.md","text":"https://secwatch.observer/filing/0001213900-22-078745.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1279620/000121390022078745/0001213900-22-078745-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1279620/000121390022078745/ea169936-8k_zonedpro.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T06:40:35.491584+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":"70775184fecca4f042bb773db7037e7e49818e79","claim":"Zoned Properties, Inc. incurred loan of $4.5 million with East West Bank at prime rate plus 0.75% maturing 10 years after its effective date.","evidence_excerpt":"The Swap Note has an original principal amount of $4.5 million. The Swap Note requires Zoned Arizona to pay monthly principal and interest payments to the Bank at an interest rate equal to the prime rate plus 0.75%. The Swap Note matures 10 years after its effective date","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1279620/000121390022078745/0001213900-22-078745-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$4.5 million"},{"label":"Counterparty","value":"East West Bank"},{"label":"Rate","value":"prime rate plus 0.75%"},{"label":"Maturity","value":"10 years after its effective date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"04600486287ecb7b4388051f66ea12663afd6cd3","claim":"Zoned Properties, Inc. entered into Acknowledgement of Amendment and Reaffirmation of Guaranty with East West Bank valued at Reaffirms Guaranty and provides consent to First Amendment and Swap Note (effective 2022-12-07).","evidence_excerpt":"On December 7, 2022, the Company executed an Acknowledgement of Amendment and Reaffirmation of Guaranty (the “Reaffirmation”) in favor of the Bank. The Reaffirmation reaffirms the Guaranty and provides the Company’s consent to the First Amendment and Swap Note.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1279620/000121390022078745/0001213900-22-078745-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"East West Bank"},{"label":"Value","value":"Reaffirms Guaranty and provides consent to First Amendment and Swap Note"},{"label":"Effective","value":"2022-12-07"}],"fact_type":"material_agreement"},{"claim_id":"7d3514637adfa9c80e78655907d42ba05f571066","claim":"Zoned Properties, Inc. entered into Amended and Restated Promissory Note (Swap Note) with East West Bank valued at Original principal amount of $4.5 million, interest rate prime plus 0.75%, matures 10 years, amortiz (effective 2022-12-07).","evidence_excerpt":"Pursuant to the terms of the Loan Agreement and First Amendment, on December 7, 2022, Zoned Arizona issued an Amended and Restated Promissory Note (the “Swap Note”) to the Bank. The Swap Note has an original principal amount of $4.5 million. The Swap Note requires Zoned Arizona to pay monthly principal and interest payments to the Bank at an interest rate equal to the prime rate plus 0.75%. The Swap Note matures 10 years after its effective date and payments are calculated based on a 30-year amortization schedule.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1279620/000121390022078745/0001213900-22-078745-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"East West Bank"},{"label":"Value","value":"Original principal amount of $4.5 million, interest rate prime plus 0.75%, matures 10 years, amortiz"},{"label":"Effective","value":"2022-12-07"}],"fact_type":"material_agreement"},{"claim_id":"db2dd2df8149086a7ecbc5f2be239d8996a5eabe","claim":"Zoned Properties, Inc. amended First Amendment to Loan Agreement with East West Bank valued at Amendment to $4.5 million multiple access loan, electing Early Amortization Election (effective 2022-12-07).","evidence_excerpt":"On December 7, 2022, Zoned Arizona and the Bank entered into a First Amendment to Loan Agreement (the “First Amendment”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1279620/000121390022078745/0001213900-22-078745-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"East West Bank"},{"label":"Value","value":"Amendment to $4.5 million multiple access loan, electing Early Amortization Election"},{"label":"Effective","value":"2022-12-07"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}