{"schema_version":"secwatch.filing_event.v1","accession":"0001452936-26-000026","form_type":"8-K","ticker":null,"cik":"0001452936","company_name":"Pacific Oak Strategic Opportunity REIT, Inc.","filed_at":"2026-05-14T21:26:25+00:00","discovered_at":"2026-05-14T21:28:00.294463+00:00","generated_at":"2026-05-14T21:29:14.054966+00:00","sec_items":["1.01","2.03","5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Pacific Oak Strategic Opportunity REIT secures $216M loan on SFR portfolio; CEO & advisor compensation cut","bullets":["$216M floating-rate loan secured by single-family rental properties; SOFR+4.75%, floor 7.75%, interest-only, matures Aug 2027 with two 6-month extensions.","Mandatory sale of at least 150 properties within first 6 months, then 100 per quarter; loan-to-value covenant ≤65%.","CEO Brian Ragsdale's compensation reduced to $5,000/month from prior $60,000 quarterly rate; catch-up payment of $15,000.","R2 Advisors management fee cut to $10,000/month from $15,000/month; month-to-month term.","Loan proceeds refinanced existing debt, funded $10M interest reserve, $4M distribution to PORT at closing with additional $4M in six months."],"urls":{"canonical":"https://secwatch.observer/filing/0001452936-26-000026","json":"https://secwatch.observer/filing/0001452936-26-000026.json","markdown":"https://secwatch.observer/filing/0001452936-26-000026.md","text":"https://secwatch.observer/filing/0001452936-26-000026.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1452936/000145293626000026/0001452936-26-000026-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1452936/000145293626000026/pacoaksor-20260508.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-14T21:29:14.054966+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":"f1ba72eeb3e6d172b8280c26a5df031aa1eb8015","claim":"Pacific Oak Strategic Opportunity REIT, Inc. incurred loan of up to $216 million with KM PORT US Financing US LP, PORT 2026-04 Lender, LLC and other co-lenders at one-month SOFR plus 4.75% per annum, subject to a floor rate of 7.75% per annum maturing August 8, 2027.","evidence_excerpt":"The Loan Agreement provides for a loan in the maximum aggregate principal amount of up to $216 million (the “Loan”), secured by a portfolio of single-family residential rental properties (the “Properties”) owned by the Borrowers, which was fully funded on May 8, 2026 (the “Closing Date”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1452936/000145293626000026/0001452936-26-000026-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"up to $216 million"},{"label":"Counterparty","value":"KM PORT US Financing US LP, PORT 2026-04 Lender, LLC and other co-lenders"},{"label":"Rate","value":"one-month SOFR plus 4.75% per annum, subject to a floor rate of 7.75% per annum"},{"label":"Maturity","value":"August 8, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"c6edec822231f4b111f0de3c441c71abbd40ee67","claim":"Pacific Oak Strategic Opportunity REIT, Inc. entered into Loan Agreement with KM PORT US Financing US LP, PORT 2026-04 Lender, LLC and other co-lenders valued at up to $216 million (effective 2026-05-08).","evidence_excerpt":"On May 8, 2026, Reven Housing Funding 1, LLC, Reven Housing Funding 2, LLC, BPDM Properties 2018-1 LLC and PORTII Properties 2020-1 LLC (together, the “Borrowers”) and Pacific Oak Residential Trust Inc. (“PORT”), entered into a loan agreement (the “Loan Agreement”) with KM PORT US Financing US LP, PORT 2026-04 Lender, LLC and other co-lenders (collectively, the “Lenders”) as lenders and KM PORT US Financing US LP (“Administrative Agent”), as administrative agent.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1452936/000145293626000026/0001452936-26-000026-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"KM PORT US Financing US LP, PORT 2026-04 Lender, LLC and other co-lenders"},{"label":"Value","value":"up to $216 million"},{"label":"Effective","value":"2026-05-08"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}