{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-025730","form_type":"8-K","ticker":"UMH","cik":"0000752642","company_name":"UMH PROPERTIES, INC.","filed_at":"2025-12-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.087620+00:00","generated_at":"2026-05-16T15:48:38.029242+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"UMH closes $91.8M Fannie Mae loan at 5.46%; communities appraised 98% above cost","bullets":["Added seven manufactured home communities (1,765 sites) to Fannie Mae credit facility; total proceeds $91.8M.","New loan at fixed rate of 5.46% with 9-year term, principal due December 2034; proceeds to fund acquisitions, expansions, and repay higher-rate debt.","Certified appraisal valued the seven communities at $145.1M, or $82,000 per site, vs total investment of $73.2M, a 98% increase.","Total outstanding under Fannie Mae facility now approximately $398.3M."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-025730","json":"https://secwatch.observer/filing/0001493152-25-025730.json","markdown":"https://secwatch.observer/filing/0001493152-25-025730.md","text":"https://secwatch.observer/filing/0001493152-25-025730.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/752642/000149315225025730/0001493152-25-025730-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/752642/000149315225025730/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T15:48:38.029242+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4886f7a59092124905044dc4035beb754e113340","claim":"UMH PROPERTIES, INC. incurred credit facility of approximately $91.8 million with Wells Fargo Bank, N.A., Fannie Mae at 5.46% maturing December 2034.","evidence_excerpt":"On November 25, 2025, UMH Properties, Inc. (the “Company”) closed on the addition of seven manufactured home communities containing 1,765 sites to its Fannie Mae credit facility through Wells Fargo Bank, N.A. (the “Lender”), receiving total loan proceeds of approximately $91.8 million.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/752642/000149315225025730/0001493152-25-025730-index.htm","confidence":0.9}],"comparable_filings":[{"accession":"0001213900-26-054183","ticker":"EMAT","company_name":"Evolution Metals & Technologies Corp.","filed_at":"2026-05-11T23:59:59+00:00","headline":"EMAT secures $100M convertible debenture facility from Yorkville; first $20M tranche issued","event_type":"debt","sec_items":["1.01","2.03","3.02","7.01","9.01"],"materiality_score":0.7,"calibrated_materiality_score":0.7,"match_reasons":["same fact type: debt_financing","same SEC item: 1.01, 2.03, 7.01, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-054183","json":"https://secwatch.observer/filing/0001213900-26-054183.json","markdown":"https://secwatch.observer/filing/0001213900-26-054183.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1866226/000121390026054183/0001213900-26-054183-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1866226/000121390026054183/ea0290073-8k_evolution.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"On November 25, 2025, UMH Properties, Inc. (the “Company”) closed on the addition of seven manufactured home communities containing 1,765 sites to its Fannie Mae credit facility through Wells Fargo Bank, N.A. (the “Lender”), receiving total loan proceeds of approximately $91.8 million.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/752642/000149315225025730/0001493152-25-025730-index.htm","comparable_excerpt":"The first Convertible Debenture (the “First Debenture”) in the principal amount of $20,000,000 was issued on May 7, 2026.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1866226/000121390026054183/0001213900-26-054183-index.htm"}},{"accession":"0001193125-26-212391","ticker":"RNST","company_name":"RENASANT CORP","filed_at":"2026-05-07T23:59:59+00:00","headline":"Renasant prices $300M 6.25% sub notes due 2036, net $295.7M, may redeem $40M 5.50% notes","event_type":"debt","sec_items":["1.01","2.03","7.01","9.01"],"materiality_score":0.55,"calibrated_materiality_score":0.55,"match_reasons":["same fact type: debt_financing","same SEC item: 1.01, 2.03, 7.01, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-212391","json":"https://secwatch.observer/filing/0001193125-26-212391.json","markdown":"https://secwatch.observer/filing/0001193125-26-212391.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/715072/000119312526212391/0001193125-26-212391-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/715072/000119312526212391/d145081d8k.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"On November 25, 2025, UMH Properties, Inc. (the “Company”) closed on the addition of seven manufactured home communities containing 1,765 sites to its Fannie Mae credit facility through Wells Fargo Bank, N.A. (the “Lender”), receiving total loan proceeds of approximately $91.8 million.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/752642/000149315225025730/0001493152-25-025730-index.htm","comparable_excerpt":"for the issuance and sale of $300 million aggregate principal amount of its 6.25% Fixed-to-Floating Rate Subordinated Notes due 2036","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/715072/000119312526212391/0001193125-26-212391-index.htm"}},{"accession":"0001062822-26-000094","ticker":"LXRX","company_name":"LEXICON PHARMACEUTICALS, INC.","filed_at":"2026-05-06T23:59:59+00:00","headline":"Lexicon secures $100M loan facility from Hercules Capital; $55M funded at closing","event_type":"debt","sec_items":["1.01","2.03","3.02","7.01","9.01"],"materiality_score":0.7,"calibrated_materiality_score":0.7,"match_reasons":["same fact type: debt_financing","same SEC item: 1.01, 2.03, 7.01, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001062822-26-000094","json":"https://secwatch.observer/filing/0001062822-26-000094.json","markdown":"https://secwatch.observer/filing/0001062822-26-000094.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1062822/000106282226000094/0001062822-26-000094-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1062822/000106282226000094/lxrx-20260504.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"On November 25, 2025, UMH Properties, Inc. (the “Company”) closed on the addition of seven manufactured home communities containing 1,765 sites to its Fannie Mae credit facility through Wells Fargo Bank, N.A. (the “Lender”), receiving total loan proceeds of approximately $91.8 million.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/752642/000149315225025730/0001493152-25-025730-index.htm","comparable_excerpt":"On May 4, 2026, Lexicon Pharmaceuticals, Inc. (\" Lexicon \") and its subsidiaries entered into a loan and security agreement with Hercules Capital, Inc. and certain of its affiliates (\" Hercules \") that provides up to $100 million in borrowing capacity (the \" Hercules Term Loans \") available in three tranches, each maturing in May 2030.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1062822/000106282226000094/0001062822-26-000094-index.htm"}},{"accession":"0001096906-26-000724","ticker":"FMHS","company_name":"FARMHOUSE, INC. /NV","filed_at":"2026-05-06T23:59:59+00:00","headline":"Farmhouse issues $2.22M convertible note to Axiom; net cash $884k for Bitcoin/Gold treasury","event_type":"debt","sec_items":["1.01","2.03","3.02","7.01","9.01"],"materiality_score":0.7,"calibrated_materiality_score":0.7,"match_reasons":["same fact type: debt_financing","same SEC item: 1.01, 2.03, 7.01, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001096906-26-000724","json":"https://secwatch.observer/filing/0001096906-26-000724.json","markdown":"https://secwatch.observer/filing/0001096906-26-000724.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1811999/000109690626000724/0001096906-26-000724-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1811999/000109690626000724/fmhs-20260504_8k.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"On November 25, 2025, UMH Properties, Inc. (the “Company”) closed on the addition of seven manufactured home communities containing 1,765 sites to its Fannie Mae credit facility through Wells Fargo Bank, N.A. (the “Lender”), receiving total loan proceeds of approximately $91.8 million.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/752642/000149315225025730/0001493152-25-025730-index.htm","comparable_excerpt":"On May 4, 2026, the Company issued a Convertible Promissory Note (the “Note”) to Axiom Holdings Group LLC (the “Investor”) with an original principal amount of $2,222,222, reflecting gross proceeds of $2,000,000 and a ten percent (10%) original issue discount.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1811999/000109690626000724/0001096906-26-000724-index.htm"}},{"accession":"0001104659-26-056353","ticker":"IIPR","company_name":"INNOVATIVE INDUSTRIAL PROPERTIES INC","filed_at":"2026-05-06T23:59:59+00:00","headline":"IIP closes $56.5M secured term loan; proceeds to repay notes due May 2026","event_type":"debt","sec_items":["1.01","2.03","7.01","9.01"],"materiality_score":0.65,"calibrated_materiality_score":0.65,"match_reasons":["same fact type: debt_financing","same SEC item: 1.01, 2.03, 7.01, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-056353","json":"https://secwatch.observer/filing/0001104659-26-056353.json","markdown":"https://secwatch.observer/filing/0001104659-26-056353.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1677576/000110465926056353/0001104659-26-056353-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1677576/000110465926056353/tm2613694d1_8k.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"On November 25, 2025, UMH Properties, Inc. (the “Company”) closed on the addition of seven manufactured home communities containing 1,765 sites to its Fannie Mae credit facility through Wells Fargo Bank, N.A. (the “Lender”), receiving total loan proceeds of approximately $91.8 million.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/752642/000149315225025730/0001493152-25-025730-index.htm","comparable_excerpt":"for all obligations under the Loan Agreement. Pursuant to the Loan Agreement, on May 5,\n2026, the Borrowers issued to the Lender a promissory note (the “Note”) evidencing a $56.5 million secured term loan (the\n“Loan”), which matures on May 5, 2029, and may be extended at the Borrowers’ option for up to two additional 12-month\nperiods, subject in each case to the","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1677576/000110465926056353/0001104659-26-056353-index.htm"}},{"accession":"0001185348-26-000017","ticker":"PRAA","company_name":"PRA GROUP INC","filed_at":"2026-05-05T23:59:59+00:00","headline":"PRA Group extends €730M European credit facility to April 2031, reduces ERC ratio to 40%","event_type":"debt","sec_items":["1.01","2.03","7.01","9.01"],"materiality_score":0.6,"calibrated_materiality_score":0.6,"match_reasons":["same fact type: debt_financing","same SEC item: 1.01, 2.03, 7.01, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001185348-26-000017","json":"https://secwatch.observer/filing/0001185348-26-000017.json","markdown":"https://secwatch.observer/filing/0001185348-26-000017.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1185348/000118534826000017/0001185348-26-000017-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1185348/000118534826000017/praa-20260430.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"On November 25, 2025, UMH Properties, Inc. (the “Company”) closed on the addition of seven manufactured home communities containing 1,765 sites to its Fannie Mae credit facility through Wells Fargo Bank, N.A. (the “Lender”), receiving total loan proceeds of approximately $91.8 million.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/752642/000149315225025730/0001493152-25-025730-index.htm","comparable_excerpt":"(\"PRA Group Holding\"), Luxembourg, Zug Branch, (together, the \"Borrowers\"), entered into the Second Amended and Restated Credit Agreement (the \"Second A&R European Credit Agreement\") with the lenders party thereto (\"EU Lenders\") and DNB Bank ASA as facility agent and security agent (the \"EU Agent\"), amending and restating the Company’s existing €730 million European revolving credit facility entered into on November 23, 2022, as amended and restated on April 24, 2025 (the “Prior Credit Agreement”).","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1185348/000118534826000017/0001185348-26-000017-index.htm"}},{"accession":"0001193125-26-206582","ticker":"GBX","company_name":"GREENBRIER COMPANIES INC","filed_at":"2026-05-05T23:59:59+00:00","headline":"Greenbrier closes $425M non-recourse leasing term loan, extending maturity to 2032","event_type":"debt","sec_items":["1.01","2.03","7.01","9.01"],"materiality_score":0.65,"calibrated_materiality_score":0.65,"match_reasons":["same fact type: debt_financing","same SEC item: 1.01, 2.03, 7.01, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-206582","json":"https://secwatch.observer/filing/0001193125-26-206582.json","markdown":"https://secwatch.observer/filing/0001193125-26-206582.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/923120/000119312526206582/0001193125-26-206582-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/923120/000119312526206582/gbx-20260505.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"On November 25, 2025, UMH Properties, Inc. (the “Company”) closed on the addition of seven manufactured home communities containing 1,765 sites to its Fannie Mae credit facility through Wells Fargo Bank, N.A. (the “Lender”), receiving total loan proceeds of approximately $91.8 million.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/752642/000149315225025730/0001493152-25-025730-index.htm","comparable_excerpt":"a delayed draw term loan facility (the “Delayed Draw Term Loan Facility”) in an aggregate amount of up to $125 million (“Delayed Draw Term Loans”), which has an availability period of six (6) months from the Effective Date and is subject to the satisfaction of certain conditions.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/923120/000119312526206582/0001193125-26-206582-index.htm"}},{"accession":"0001213900-26-051931","ticker":"RENX","company_name":"RenX Enterprises Corp.","filed_at":"2026-05-05T23:59:59+00:00","headline":"RenX Enterprises raises up to $100M via tranched convertible note and warrant private placement","event_type":"debt","sec_items":["1.01","2.03","3.02","7.01","8.01","9.01"],"materiality_score":0.75,"calibrated_materiality_score":0.75,"match_reasons":["same fact type: debt_financing","same SEC item: 1.01, 2.03, 7.01, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-051931","json":"https://secwatch.observer/filing/0001213900-26-051931.json","markdown":"https://secwatch.observer/filing/0001213900-26-051931.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1959023/000121390026051931/0001213900-26-051931-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1959023/000121390026051931/ea0288854-8k_renx.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"On November 25, 2025, UMH Properties, Inc. (the “Company”) closed on the addition of seven manufactured home communities containing 1,765 sites to its Fannie Mae credit facility through Wells Fargo Bank, N.A. (the “Lender”), receiving total loan proceeds of approximately $91.8 million.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/752642/000149315225025730/0001493152-25-025730-index.htm","comparable_excerpt":"Purchase Agreement,\nthe Company (i) issued and sold to the Purchasers, at the initial closing on May 4, 2026 (the “Initial Closing”), Notes in\nthe aggregate principal amount of $6,300,000 (the “Initial Notes”) and warrants (the “Initial Warrants”) to purchase\nan aggregate of 3,917,099 shares of Common Stock (which is equal to 180% of the face value of the Initial","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1959023/000121390026051931/0001213900-26-051931-index.htm"}}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}