---
schema_version: "secwatch.filing_event.v1"
accession: "0001446687-25-000132"
form_type: "8-K"
ticker: null
cik: "0001446687"
company_name: "SILVER STAR PROPERTIES REIT, INC"
filed_at: "2025-09-02T23:59:59+00:00"
generated_at: "2026-05-17T08:48:54.583997+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001446687-25-000132
- form_type: 8-K
- cik: 0001446687
- company_name: SILVER STAR PROPERTIES REIT, INC
- filed_at: 2025-09-02T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.04, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1446687/000144668725000132/0001446687-25-000132-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1446687/000144668725000132/fil-20250902.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001446687-25-000132
- JSON: https://secwatch.observer/filing/0001446687-25-000132.json
- Plain text: https://secwatch.observer/filing/0001446687-25-000132.txt

## Key facts
- Debt Financings
  SILVER STAR PROPERTIES REIT, INC reported a default on term loan of $50,322,130 with lender at 6.00% per annum maturing August 9, 2025.
  - Instrument: term loan
  - Principal: $50,322,130
  - Counterparty: lender
  - Rate: 6.00% per annum
  - Maturity: August 9, 2025
  - Event: default
  source text: remedies of lender under the Walgreens Loan Agreement that the outstanding principal balance shall accrue interest at the default rate. The outstanding balance of the Loan is $50,322,130. In addition to other terms and conditions set forth in the Walgreens Loan Agreement and the other documents executed in connection therewith, the Loan is secured by the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1446687/000144668725000132/0001446687-25-000132-index.htm
- Debt Financings
  SILVER STAR PROPERTIES REIT, INC reported a default on term loan of $50,322,130 with lender.
  - Instrument: term loan
  - Principal: $50,322,130
  - Counterparty: lender
  - Event: default
  source text: remedies of lender under the Walgreens Loan Agreement that the outstanding principal balance shall accrue interest at the default rate. The outstanding balance of the Loan is $50,322,130. In addition to other terms and conditions set forth in the Walgreens Loan Agreement and the other documents executed in connection therewith, the Loan is secured by the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1446687/000144668725000132/0001446687-25-000132-index.htm

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