---
schema_version: "secwatch.filing_event.v1"
accession: "0001452936-23-000074"
form_type: "8-K"
ticker: null
cik: "0001452936"
company_name: "Pacific Oak Strategic Opportunity REIT, Inc."
filed_at: "2023-09-01T23:59:59+00:00"
generated_at: "2026-06-11T00:27:13.930218+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Pacific Oak SOR REIT refinances four properties into $188M secured facility with Bank of America

## Summary
- Aggregate principal $188.0M; replaces four existing loans; no net proceeds (used to repay prior debt).
- Interest at 1-month BSBY + 275 bps; initial maturity Sept 1, 2026 with two 1-year extension options.
- Monthly amortization $0.7M; required paydowns of $10M each due Dec 2023 and Dec 2024; $10M paydown at closing.
- Loan secured by properties in Newark, Minneapolis, Oakland, and Austin; cross-collateralized with customary covenants.
- Guarantor (Pacific Oak SOR Properties, LLC) backs specified paydowns, event-of-default principal, and environmental indemnity.

## SEC filing metadata
- accession: 0001452936-23-000074
- form_type: 8-K
- cik: 0001452936
- company_name: Pacific Oak Strategic Opportunity REIT, Inc.
- filed_at: 2023-09-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1452936/000145293623000074/0001452936-23-000074-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1452936/000145293623000074/pacoaksor-20230828.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001452936-23-000074
- JSON: https://secwatch.observer/filing/0001452936-23-000074.json
- Plain text: https://secwatch.observer/filing/0001452936-23-000074.txt

## Key facts
- Debt Financings
  Pacific Oak Strategic Opportunity REIT, Inc. incurred credit facility of approximately $188.0 million with Bank of America, N.A. at one-month Bloomberg Short-Term Bank Yield Index rate ("BSBY") plus 275 basis poi maturing September 1, 2026.
  - Instrument: credit facility
  - Principal: approximately $188.0 million
  - Counterparty: Bank of America, N.A.
  - Rate: one-month Bloomberg Short-Term Bank Yield Index rate ("BSBY") plus 275 basis poi
  - Maturity: September 1, 2026
  - Event: incurrence
  source text: Agent”), as administrative agent for other financial institutions (“Lenders”). The Secured Facility provides for a loan in the aggregate principal amount of approximately $188.0 million, secured by four properties owned by the Borrowers (the “Properties”, described below). The Borrowers are indirect wholly owned subsidiaries of Pacific Oak Strategic Opportunity
  evidence_url: https://www.sec.gov/Archives/edgar/data/1452936/000145293623000074/0001452936-23-000074-index.htm
- Material Agreements
  Pacific Oak Strategic Opportunity REIT, Inc. amended Secured Facility with Bank of America, N.A. valued at aggregate principal amount of approximately $188.0 million (effective 2023-08-28).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A.
  - Value: aggregate principal amount of approximately $188.0 million
  - Effective: 2023-08-28
  source text: On August 28, 2023, 1180 Raymond Urban Renewal, LLC (“Raymond Borrower”), Pacific Oak SOR Austin Suburban Portfolio, LLC (“Austin Borrower”), Pacific Oak SOR II Oakland City Center, LLC (“Oakland Borrower”), and Pacific Oak SOR Marquette Plaza, LLC (“Marquette Borrower”, and together, the “Borrowers”) entered into an amended and restated loan agreement (the “Secured Facility”) with Bank of America, N.A., (“Administrative Agent”), as administrative agent for other financial institutions (“Lenders”). The Secured Facility provides for a loan in the aggregate principal amount of approximately $188.0 million, secured by four properties owned by the Borrowers
  evidence_url: https://www.sec.gov/Archives/edgar/data/1452936/000145293623000074/0001452936-23-000074-index.htm

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