Portsmouth Square subsidiary enters loan forbearance, requires $8.6M paydown

PORTSMOUTH SQUARE INC

Forbearance on mortgage loan with U.S. Bank until Jan 1, 2025; regular payments continue.
10% principal paydown of $8,589,706 required; mezz lender advanced $4.5M for it.
Mezz forbearance with CRED REIT HOLDCO; no payments due during forbearance period.
Company plans to refinance loans before the new maturity date.

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