{"schema_version":"secwatch.filing_event.v1","accession":"0001482430-24-000077","form_type":"8-K","ticker":"KBSR","cik":"0001482430","company_name":"KBS Real Estate Investment Trust III, Inc.","filed_at":"2024-12-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:08.558765+00:00","generated_at":"2026-05-28T23:35:08.875913+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"KBS REIT III extends Accenture Tower loan to Nov 2026; rate +300 bps, $16M new availability","bullets":["Maturity extended from Dec 20, 2024 to Nov 2, 2026 with possible 12-month extension; outstanding principal $306M.","Interest rate increased to one-month Term SOFR plus 300 bps (previously plus 235 bps).","Total commitment raised to $322M: $306M outstanding plus $16M new funding for tenant improvements and capital costs.","100% excess cash flow from property deposited into collateral account; distributions restricted without lender consent.","Loan modification fee $995,600 paid to lenders; exit fee $650,000 due at maturity; REIT Properties III provides 25% principal guaranty."],"urls":{"canonical":"https://secwatch.observer/filing/0001482430-24-000077","json":"https://secwatch.observer/filing/0001482430-24-000077.json","markdown":"https://secwatch.observer/filing/0001482430-24-000077.md","text":"https://secwatch.observer/filing/0001482430-24-000077.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1482430/000148243024000077/0001482430-24-000077-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1482430/000148243024000077/kbsriii-20241218.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T23:35:08.875913+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}