secwatch.observer — SEC 8-K summary
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Issuer:     Pacific Oak Strategic Opportunity REIT, Inc. (—)
CIK:        0001452936
Form:       8-K
Filed at:   2025-07-18T23:59:59+00:00
Accession:  0001452936-25-000077
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Pacific Oak REIT amends $10M loan from advisor, lowers rate to 10%, extends maturity to June 2028
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- Original $8M loan from Advisor combined with $2M increase to $10M total principal.
- Interest rate reduced from 12% to 10% per annum; increases to 15% upon default.
- Maturity extended to earlier of sale of PORT shares, June 30, 2028, or acceleration event.
- Collateral granted: 3,000,000 common shares of subsidiary PORT (14.52% of outstanding).
- Covenant requires maximum loan-to-value ratio of 50% based on pledged PORT shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1452936/000145293625000077/0001452936-25-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1452936/000145293625000077/pacoaksor-20250714.htm
  HTML page:      https://secwatch.observer/filing/0001452936-25-000077

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