Sterling Real Estate Trust: debt financing — Sterling Real Estate Trust enters $10M revolving note with affiliate at 6.75% interest

Sterling Real Estate Trust

$10M revolving promissory note from Sterling Properties LLLP to Sterling Office and Industrial Properties LLLP.
Interest rate initially 6.75%, adjustable by administrator with 30-day notice; maturity Dec 31, 2025.
Note is guaranteed by Sterling Real Estate Trust, contains customary events of default.
This 8-K/A amends prior filing to correct interest rate information.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Sterling Real Estate Trust incurred revolving credit of $10,000,000 with Sterling Office and Industrial Properties, LLLP at 6.75%.

Instrument: revolving credit
Principal: $10,000,000
Counterparty: Sterling Office and Industrial Properties, LLLP
Rate: 6.75%
Event: incurrence

Exact text from the filing

On June 25, 2025, Sterling Real Estate Trust (the "Company"), through its operating partnership, Sterling Properties L.L.L.P. (the "Lender") entered into a promissory note with Sterling Office and Industrial Properties, LLLP (the "Borrower") pursuant to which the Borrower [has borrowed/borrow up to] the principal amount of $10,000,000 from the Lender. The Revolving Promissory Note bears a 6.75% interest rate.

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Source: SEC EDGAR

accession 0001558370-25-009294

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