secwatch.observer — SEC 8-K summary
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Issuer:     PORTSMOUTH SQUARE INC (PRSI)
CIK:        0000079661
Form:       8-K
Filed at:   2025-03-31T23:59:59+00:00
Accession:  0001641172-25-001352
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Portsmouth Square subsidiary refinances Hilton SF hotel with $67M mortgage and $36.3M mezzanine loan
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- Mortgage loan of $67M at SOFR + 4.80% with interest rate cap limiting Term SOFR to 4.50%.
- Mezzanine loan of $36.3M at fixed 7.25% per annum.
- Both loans have 2-year initial maturity with three 1-year extension options subject to conditions.
- Loans are secured by the Hilton San Francisco Financial District hotel property.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/79661/000164117225001352/0001641172-25-001352-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/79661/000164117225001352/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-001352

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