RREEF Property Trust, Inc.: debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

RREEF Property Trust, Inc. amended revolving credit of decreases the maximum revolving commitment amount from $120,000,000 to $105,000,000 with Wells Fargo Bank, National Association maturing extends the maturity date from December 27, 2025 to April 1, 2028.

Instrument: revolving credit
Principal: decreases the maximum revolving commitment amount from $120,000,000 to $105,000,000
Counterparty: Wells Fargo Bank, National Association
Maturity: extends the maturity date from December 27, 2025 to April 1, 2028
Event: amendment

Exact text from the filing

The Amendment amends the Second Amended and Restated Revolving Loan Agreement and Omnibus Amendment to Loan Documents, dated January 27, 2023, as amended, by and among the Borrowers and Wells Fargo (the "Wells Fargo line of credit"). The Amendment includes the following: (a) it extends the maturity date from December 27, 2025 to April 1, 2028; (b) it amends the calculation of the Borrowing Base Value (described below) once the Borrower Base Value Trigger Date (described below) occurs; (c) it requires that the Company maintain a minimum liquidity amount of at least $1,000,000; (d) it decreases the maximum revolving commitment amount from $120,000,000 to $105,000,000; and (e) it revises or eliminates certain covenants.

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Source: SEC EDGAR

accession 0001542447-25-000098

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