secwatch.observer — SEC 8-K summary
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Issuer:     PORTSMOUTH SQUARE INC (PRSI)
CIK:        0000079661
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001493152-24-017462
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/79661/000149315224017462/0001493152-24-017462-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/79661/000149315224017462/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-017462

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