New England Realty Associates Secures $58.66 Million in Financing Through Amended Credit Facility with KeyBank

Reuters

06-11

New England Realty Associates Secures $58.66 Million in Financing Through Amended Credit Facility with KeyBank

New England Realty Associates LP has entered into amendments to its existing Master Credit Facility Agreement with KeyBank National Association, securing significant financing for strategic property transactions. On May 30, 2025, the Partnership finalized two separate amendments, allowing for advances of $40,000,000 and $18,664,000 at fixed interest rates of 5.99% and 5.84%, respectively. The $40 million advance, in conjunction with existing funds and a bridge loan from KeyBank, is earmarked for the acquisition of Hill Estates in Belmont, Massachusetts. Meanwhile, the $18,664,000 advance has been utilized to refinance the Partnership's existing loan with Brookline Bank, specifically for the Hamilton Highlands property. These financial moves align with New England Realty's strategic growth and refinancing objectives.

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. New England Realty Associates LP 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: 0001104659-25-058203), on June 10, 2025, and is solely responsible for the information contained therein.

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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. New England Realty Associates LP 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. 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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. New England Realty Associates LP 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: 0001104659-25-058203), on June 10, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250610:nNDL5ccD9k:1","article_id":"2542328344","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2542328344","pubTimestamp":1749590350,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"New England Realty Associates LP has entered into amendments to its existing Master Credit Facility Agreement with KeyBank National Association, securing significant financing for strategic property transactions. 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The $40 million advance, in conjunction with existing funds and a bridge loan from KeyBank, is earmarked for the acquisition of Hill Estates in Belmont, Massachusetts. Meanwhile, the $18,664,000 advance has been utilized to refinance the Partnership's existing loan with Brookline Bank, specifically for the Hamilton Highlands property. These financial moves align with New England Realty's strategic growth and refinancing objectives.\n      \n\nDisclaimer: 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. New England Realty Associates LP 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. 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