Presidio Property Trust Inc., a diversified real estate investment trust, has announced the successful refinancing of the mortgage loan for its One Park Center property in Westminster, Colorado. The new loan agreement, effective from September 4, 2025, involves a $6.1 million loan with a five-year term and an interest rate of 6.83%. The agreement includes interest-only payments for the initial six months and does not carry a prepayment penalty. This marks the company's second successful refinancing in recent months, following the Genesis Plaza property refinancing. Gary Katz, Chief Investment Officer, expressed satisfaction with these accomplishments despite the challenging capital markets environment.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Presidio Property Trust Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-012806), on September 08, 2025, and is solely responsible for the information contained therein.