Presidio Property Trust Announces the Refinance Mortgage on a Commercial Property
Presidio Property Trust (NASDAQ:SQFT) has successfully refinanced the mortgage loan on its One Park Center property in Westminster, Colorado. The new loan agreement includes $6.1 million in financing with a 6.83% interest rate and a five-year term. Notable terms include interest-only payments for the first six months and no prepayment penalty.
This marks the company's second office property loan refinancing in the past two months, following the Genesis Plaza property refinancing in August, demonstrating continued access to capital despite challenging market conditions.
Presidio Property Trust (NASDAQ:SQFT) ha rifinanziato con successo il mutuo relativo alla proprietà One Park Center a Westminster, Colorado. Il nuovo accordo prevede 6,1 milioni di dollari di finanziamento con un tasso d'interesse del 6,83% e una durata di cinque anni. Tra i termini rilevanti figurano pagamenti solo di interessi per i primi sei mesi e nessuna penale per il rimborso anticipato.
Si tratta del secondo rifinanziamento di un immobile per uffici per la società negli ultimi due mesi, dopo il rifinanziamento della proprietà Genesis Plaza in agosto, a dimostrazione della continua disponibilità di capitale nonostante le difficili condizioni di mercato.
Presidio Property Trust (NASDAQ:SQFT) ha refinanciado con éxito el préstamo hipotecario de su propiedad One Park Center en Westminster, Colorado. El nuevo acuerdo incluye 6,1 millones de dólares en financiación con un tipo de interés del 6,83% y un plazo de cinco años. Entre las condiciones destacadas están pagos solo de intereses durante los primeros seis meses y ausencia de penalización por pago anticipado.
Este es el segundo refinanciamiento de un inmueble de oficinas de la compañía en los últimos dos meses, tras el refinanciamiento de la propiedad Genesis Plaza en agosto, lo que demuestra el acceso continuo al capital a pesar de las difíciles condiciones del mercado.
Presidio Property Trust (NASDAQ:SQFT)는 콜로라도주 웨스트민스터에 있는 One Park Center 부동산의 담보대출을 성공적으로 재융자했습니다. 새 대출 계약은 금융 610만 달러, 이자율 6.83%, 기간 5년을 포함합니다. 주요 조건으로는 처음 6개월간 이자만 납부하는 구조와 중도상환 수수료 없음이 있습니다.
이번 거래는 8월 Genesis Plaza 재융자에 이어 최근 두 달 내 회사의 두 번째 오피스 부동산 재융자로, 어려운 시장 여건 속에서도 자본에 대한 접근성이 유지되고 있음을 보여줍니다.
Presidio Property Trust (NASDAQ:SQFT) a refinancé avec succès le prêt hypothécaire de son immeuble One Park Center à Westminster, Colorado. Le nouvel accord prévoit 6,1 millions de dollars de financement au taux de 6,83% et une durée de cinq ans. Parmi les conditions notables figurent des paiements d'intérêts seulement pendant les six premiers mois et l'absence de pénalité en cas de remboursement anticipé.
Il s'agit du deuxième refinancement d'un bien de bureaux par la société au cours des deux derniers mois, après le refinancement de la propriété Genesis Plaza en août, ce qui démontre un accès continu au capital malgré des conditions de marché difficiles.
Presidio Property Trust (NASDAQ:SQFT) hat die Hypothek auf seine Immobilie One Park Center in Westminster, Colorado, erfolgreich refinanziert. Der neue Kreditvertrag umfasst 6,1 Millionen US-Dollar Finanzierung bei einem Zinssatz von 6,83% und eine Laufzeit von fünf Jahren. Zu den bemerkenswerten Konditionen zählen sechs Monate reine Zinszahlungen und keine Vorfälligkeitsentschädigung.
Dies ist die zweite Refinanzierung einer Büroimmobilie des Unternehmens in den letzten zwei Monaten, nach der Refinanzierung der Immobilie Genesis Plaza im August, und zeigt den anhaltenden Zugang zu Kapital trotz schwieriger Marktbedingungen.
- Successfully secured $6.1 million in new financing despite challenging capital markets
- Favorable loan terms including 6-month interest-only period and no prepayment penalty
- Demonstrated continued ability to refinance properties with second successful refinancing in two months
- Higher interest rate environment at 6.83% could impact property returns
SAN DIEGO, Sept. 08, 2025 (GLOBE NEWSWIRE) -- (NASDAQ: SQFT; SQFTP; SQFTW) Presidio Property Trust, Inc. (“Presidio” or the “Company”), an internally managed, diversified real estate investment trust (“REIT”) announced that on September 4, 2025, the Company refinanced the mortgage loan on its One Park Center property, located in Westminster Colorado, and entered into a loan agreement for
“Despite the challenging capital markets environment, we are pleased that we were able to complete our second office property loan refinancing in the last two months including our Genesis Plaza property in August and now our One Park Center property this month,” said Gary Katz, the Company’s Chief Investment Officer.
About Presidio Property Trust
Presidio is an internally managed, diversified REIT with holdings in model home properties which are triple-net leased to homebuilders, office, industrial, and retail properties. Presidio’s model homes are leased to homebuilders located primarily in the sun belt states. Presidio’s office, industrial, and retail properties are located primarily in Colorado, with properties also located in Maryland, North Dakota, Texas, and Southern California. For more information on Presidio, please visit Presidio’s website at https://www.PresidioPT.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains statements that are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and other federal securities laws. Forward-looking statements are statements that are not historical, including statements regarding management’s intentions, beliefs, expectations, representations, plans or predictions of the future, and are typically identified by such words as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “may,” “will,” “should” and “could.” Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements also include statements relating to the closing of the business combination with Conduit within a certain timeframe or at all. These forward-looking statements are based upon the Company’s present expectations, but these statements are not guaranteed to occur. Except as required by law, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. Investors should not place undue reliance upon forward-looking statements. For further discussion of the factors that could affect outcomes, please refer to the “Risk Factors” section of the Company’s documents filed with the SEC, copies of which are available on the SEC’s website, www.sec.gov.
Investor Relations Contact:
Presidio Property Trust, Inc.
Lowell Hartkorn, Investor Relations
LHartkorn@presidiopt.com
Telephone: (760) 471-8536 x1244
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