KBS Growth & Income REIT, Inc.: debt financing — KBS Growth & Income REIT sells The Offices at Greenhouse for $18.3M, expects discounted loan payoff

KBS Growth & Income REIT, Inc.

Sale price of $18.3M to unaffiliated Red River Asset Management; closing expected by May 17, 2024.
Modified term loan of $36.0M with JP Morgan can be paid off at discount using net sale proceeds.
Loan maturity extended to May 31, 2024 via Fourth Modification Agreement.
If sale fails, discounted payoff terminates and full $36.0M loan remains outstanding.
Purchaser may forfeit up to $0.8M if it fails to complete acquisition.

item 1.01 item 2.03

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

KBS Growth & Income REIT, Inc. amended loan with JP Morgan Chase Bank, N.A. maturing May 31, 2024.

Instrument: loan
Counterparty: JP Morgan Chase Bank, N.A.
Maturity: May 31, 2024
Event: amendment

Exact text from the filing

the Owner entered into a fourth modification agreement with the Lender to extend the maturity date of the Modified Term Loan to May 31, 2024 (the “Fourth Modification Agreement”).

View on SEC.gov

299 debt financings filed in the last 30 days. Browse all debt financings →

Source: SEC EDGAR

accession 0001631256-24-000006

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.