---
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"
generated_at: "2026-05-14T21:29:14.054966+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Pacific Oak Strategic Opportunity REIT secures $216M loan on SFR portfolio; CEO & advisor compensation cut

## Summary
- $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.

## SEC filing metadata
- accession: 0001452936-26-000026
- form_type: 8-K
- cik: 0001452936
- company_name: Pacific Oak Strategic Opportunity REIT, Inc.
- filed_at: 2026-05-14T21:26:25+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001452936-26-000026
- JSON: https://secwatch.observer/filing/0001452936-26-000026.json
- Plain text: https://secwatch.observer/filing/0001452936-26-000026.txt

## Key facts
- Debt Financings
  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.
  - Instrument: loan
  - Principal: up to $216 million
  - Counterparty: KM PORT US Financing US LP, PORT 2026-04 Lender, LLC and other co-lenders
  - Rate: one-month SOFR plus 4.75% per annum, subject to a floor rate of 7.75% per annum
  - Maturity: August 8, 2027
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1452936/000145293626000026/0001452936-26-000026-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: KM PORT US Financing US LP, PORT 2026-04 Lender, LLC and other co-lenders
  - Value: up to $216 million
  - Effective: 2026-05-08
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1452936/000145293626000026/0001452936-26-000026-index.htm

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