KBS REIT III extends $205.5M loan facility maturity to March 25, 2026 with conditions

KBS Real Estate Investment Trust III, Inc.

Fourth Modification Agreement extends Modified Portfolio Revolving Loan Facility from March 1 to March 25, 2026, subject to conditions not in KBS's sole control.
Further possible extension to April 15, 2026, also conditional; failure to meet conditions reinstates March 1 maturity and triggers event of default.
KBS agreed to cap asset management fees to Advisor at 90% of those tied to Properties; disposition fees limited to 0.65% of sales price.
Outstanding principal $205.5M; $3.3M holdbacks available; loan secured by three office properties (515 Congress, Gateway Tech Center, 201 17th Street).
Management reiterates substantial doubt about going concern due to upcoming maturities, challenging lending environment, and office market instability.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

KBS Real Estate Investment Trust III, Inc. amended credit facility of $205.5 million with U.S. Bank National Association, as administrative agent maturing March 25, 2026.

Instrument: credit facility
Principal: $205.5 million
Counterparty: U.S. Bank National Association, as administrative agent
Maturity: March 25, 2026
Event: amendment

Exact text from the filing

Gateway Tech Center and 201 17th Street (the “Properties”). As of January 27, 2026, the outstanding principal balance of the Modified Portfolio Revolving Loan Facility was $205.5 million, and $3.3 million of the holdbacks on the Modified Portfolio Revolving Loan Facility are available for future disbursement, subject to certain terms and conditions contained in

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Source: SEC EDGAR

accession 0001482430-26-000005

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