---
schema_version: "secwatch.filing_event.v1"
accession: "0001692951-26-000193"
form_type: "8-K"
ticker: null
cik: "0001692951"
company_name: "Cottonwood Communities, Inc."
filed_at: "2026-10-16T16:54:58+00:00"
generated_at: "2026-10-16T16:56:09.045277+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# Cottonwood Communities amends merger escrow, signs $75M JPMorgan term loan and $100M revolver, cuts distribution

## Summary
- On Oct 15, 2026 CCI and the Mandel Parties amended merger agreements so the escrow equals 1.5% of purchase price including assumed or repaid debt, fixing a scrivener's error.
- CROP signed a loan agreement with JPMorgan Chase on Oct 16, 2026: $75,000,000 term loan ($38,000,000 funded at closing) plus up to $100,000,000 in revolving commitments.
- Term loan proceeds will finance an acquisition and reduce an outstanding loan by $25,400,000; pricing is Term SOFR plus 3.35%, maturing October 16, 2029.
- Covenants require CROP to maintain a minimum NAV of $750,000,000, plus debt yield, fixed charge coverage and pledge coverage ratios; term loan may grow to $150,000,000 at lender discretion.
- CCI's board cut the monthly distribution to $0.05166667 per share/unit for record date Nov 30, 2026, an annualized ~5.5% of the $11.3303 NAV as of Sept 30, 2026.

## SEC filing metadata
- accession: 0001692951-26-000193
- form_type: 8-K
- cik: 0001692951
- company_name: Cottonwood Communities, Inc.
- filed_at: 2026-10-16T16:54:58+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 1.01, 2.03, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692951/000169295126000193/0001692951-26-000193-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692951/000169295126000193/cci-20261015.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001692951-26-000193
- JSON: https://secwatch.observer/filing/0001692951-26-000193.json
- Plain text: https://secwatch.observer/filing/0001692951-26-000193.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.