debt
confidence high
sentiment neutral
materiality 0.75
RREEF Property Trust amends Wells Fargo credit line: maturity extended to 2028, commitment reduced to $105M
RREEF Property Trust, Inc.
- Maturity extended from Dec 27, 2025 to April 1, 2028; max commitment reduced from $120M to $105M.
- Minimum liquidity of $1.0M now required; borrowing base calculation amended with trigger date for certain properties.
- Loudoun Gateway property under contract for data-center conversion; sale uncertain, may close late 2026/early 2027.
- Company provides full repayment guaranty until Loudoun Gateway is released or Loudoun Borrowing Base Value reaches zero.
- Until Loudoun Release, cannot sell/transfer Significant Properties: Commerce Corner, The Glenn, Seattle East Industrial, Providence Square, The Flats at Carrs Hill.
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