---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-017462"
form_type: "8-K"
ticker: "PRSI"
cik: "0000079661"
company_name: "PORTSMOUTH SQUARE INC"
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T01:14:02.962690+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-017462
- form_type: 8-K
- ticker: PRSI
- cik: 0000079661
- company_name: PORTSMOUTH SQUARE INC
- 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/79661/000149315224017462/0001493152-24-017462-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/79661/000149315224017462/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-017462
- JSON: https://secwatch.observer/filing/0001493152-24-017462.json
- Plain text: https://secwatch.observer/filing/0001493152-24-017462.txt

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