debt
confidence high
sentiment positive
materiality 0.55
Hartman vREIT XXI extends $41.9M credit facility to July 2027, fixes rate at 6.49%
Hartman vREIT XXI, Inc.
- Amends $41.9M master credit facility with East West Bank; maturity extended to July 15, 2027.
- Interest rate fixed at 6.49% for remaining 24 months via derivative, ~75 bps below prime minus 0.25%.
- New minimum DSCR 1.40 tested semi-annually; if DSCR falls below 1.10, immediate default with 10-day cure by principal paydown.
- Facility collateralized by 8 office and 1 retail property in Houston and San Antonio, TX.
item 1.01item 2.03item 9.01