---
schema_version: "secwatch.filing_event.v1"
accession: "0001873923-24-000113"
form_type: "8-K"
ticker: "ONL"
cik: "0001873923"
company_name: "Orion Properties Inc."
filed_at: "2024-11-27T23:59:59+00:00"
generated_at: "2026-05-29T15:26:00.499943+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Orion Office REIT joint venture extends mortgage notes to Nov 2025, repays $3.4M principal

## Summary
- Arch Street Joint Venture repaid $3.4M to satisfy 60% LTV condition and extended mortgage maturity 12 months to Nov 27, 2025.
- SOFR loan spread increased to 2.60% from 1.60% per annum; SOFR capped at 5.50% via interest rate cap agreement.
- Company provided $1.4M member loan at 15% interest, non-recourse and subordinate to mortgage notes.
- Company committed up to $13.5M additional member loan for leasing costs for a pending lease extension at one property.

## SEC filing metadata
- accession: 0001873923-24-000113
- form_type: 8-K
- ticker: ONL
- cik: 0001873923
- company_name: Orion Properties Inc.
- filed_at: 2024-11-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1873923/000187392324000113/0001873923-24-000113-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1873923/000187392324000113/onl-20241122.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001873923-24-000113
- JSON: https://secwatch.observer/filing/0001873923-24-000113.json
- Plain text: https://secwatch.observer/filing/0001873923-24-000113.txt

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