Silver Star defaults on $57.75M Walgreens loan; reaches forbearance and refinancing term sheet with JPMorgan

SILVER STAR PROPERTIES REIT, INC

Loan matured Aug 9, 2025; lender declared default on Aug 13 for failure to pay $50.3M outstanding balance.
Foreclosure sales of collateral properties cancelled Aug 29 after cease-fire agreement with lender BSP.
Forbearance agreement in principle reached Aug 27; refinancing term sheet with JPMorgan Chase executed same day.
Dispute continues over prior default for non-independent annual financial statements; company denies validity.
TRO granted Aug 4 in Texas state court against BSP; extended Aug 12; lender liability claims filed.

item 2.04item 7.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.