UMH amends and extends credit facility to $260M with $340M accordion; maturity to 2030

UMH PROPERTIES, INC.

Facility increased to $260M available; $340M accordion feature brings potential to $600M with additional lenders.
Maturity extended from Nov 7, 2026 to May 7, 2030, with a one-year extension option.
Interest spread reduced by 35-40 bps to SOFR+1.30%-1.90% depending on leverage ratio.
Unencumbered community capitalization rate decreased from 6.5% to 6.0%, increasing borrowing base.
As of May 8, 2026, $10M drawn and $250M available under the amended facility.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

UMH PROPERTIES, INC. amended Third Amended and Restated Credit Agreement with BMO Capital Markets Corp., JPMorgan Chase Bank, N.A. and Wells Fargo Bank, N.A. valued at $260 million in available borrowings with a $340 million accordion feature (effective 2026-05-07).

Action: amendment
Agreement: credit facility
Counterparty: BMO Capital Markets Corp., JPMorgan Chase Bank, N.A. and Wells Fargo Bank, N.A.
Value: $260 million in available borrowings with a $340 million accordion feature
Effective: 2026-05-07

Exact text from the filing

On May 7, 2026, UMH Properties, Inc. (“UMH” or the “Company”) entered into a Third Amended and Restated Credit Agreement (the Amendment” or the “Amended Facility”) to amend and extend its existing unsecured revolving credit facility

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UMH PROPERTIES, INC. filing history →

Source: SEC EDGAR

accession 0001493152-26-022153

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