---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-017460"
form_type: "8-K"
ticker: "INTG"
cik: "0000069422"
company_name: "INTERGROUP CORP"
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T01:05:36.829312+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# InterGroup subsidiary enters forbearance agreements; $8.6M principal paydown required

## Summary
- Mortgage Loan Forbearance with U.S. Bank allows no action until Jan 1, 2025, subject to Termination Event.
- Justice must make all regularly scheduled payments; also required 10% principal paydown of $8,589,706.44.
- Mezz Forbearance with CRED REIT HOLDCO LLC advanced $4.5M for the principal paydown; no payments due during forbearance.
- Portsmouth Square will endeavor to refinance loans before new maturity date.

## SEC filing metadata
- accession: 0001493152-24-017460
- form_type: 8-K
- ticker: INTG
- cik: 0000069422
- company_name: INTERGROUP CORP
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/69422/000149315224017460/0001493152-24-017460-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/69422/000149315224017460/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-017460
- JSON: https://secwatch.observer/filing/0001493152-24-017460.json
- Plain text: https://secwatch.observer/filing/0001493152-24-017460.txt

## Key facts
- Material Agreements
  INTERGROUP CORP entered into Mortgage Loan Forbearance Agreement with U.S. Bank National Association and other lenders (effective 2024-04-29).
  - Action: entry
  - Counterparty: U.S. Bank National Association and other lenders
  - Effective: 2024-04-29
  source text: On April 29, 2024, U.S. Bank National Association and other lenders (“Lender”) entered into a Forbearance Agreement (the “Mortgage Loan Forbearance Agreement”), all capitalized terms are used in this paragraph as defined in this agreement with Justice Operating Company, LLC (“Justice”), a subsidiary of the Portsmouth Square, Inc. (“Portsmouth”), a subsidiary of The InterGroup Corporation.
  evidence_url: https://www.sec.gov/Archives/edgar/data/69422/000149315224017460/0001493152-24-017460-index.htm
- Material Agreements
  INTERGROUP CORP entered into Mezz Forbearance Agreement with CRED REIT HOLDCO LLC (effective 2024-04-29).
  - Action: entry
  - Counterparty: CRED REIT HOLDCO LLC
  - Effective: 2024-04-29
  source text: On April 29, 2024, CRED REIT HOLDCO LLC (“Mezz Lender”) entered into a Forbearance Agreement (the “Mezz Forbearance Agreement”), all capitalized terms in this paragraph are used as defined in the Mezz Forbearance Agreement with Justice Mezzanine Company, LLC (“Justice Mezz”), an indirect subsidiary of Portsmouth Square, Inc. (“Portsmouth”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/69422/000149315224017460/0001493152-24-017460-index.htm

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