Sterling Real Estate Trust: debt financing — Sterling Real Estate Trust enters $10M revolving credit note at 5.25% to affiliate

Sterling Real Estate Trust

Revolving promissory note of $10,000,000 at 5.25% interest, maturing December 31, 2025.
Lender is operating partnership Sterling Properties, LLLP; borrower is Sterling Office and Industrial Properties, LLLP.
Note is guaranteed by Sterling Real Estate Trust; lender can demand repayment on 30 days' notice.
Transaction is between related parties under common control; interest rate adjustable by administrator.
Borrower may prepay without penalty; monthly interest-only payments starting August 10, 2025.

item 2.03 item 9.01

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 loan of $10,000,000 with Sterling Office and Industrial Properties, LLLP at 5.25%.

Instrument: loan
Principal: $10,000,000
Counterparty: Sterling Office and Industrial Properties, LLLP
Rate: 5.25%
Event: incurrence

Exact text from the filing

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 5.25% interest rate. The Borrower may prepay the Revolving Promissory Note without penalty. The Revolving Promissory Note

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Source: SEC EDGAR

accession 0001558370-25-009655

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