Presidio Property Trust Announces the Refinance Mortgage on a Commercial Property

Rhea-AI Summary

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.

Positive

• 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

Negative

• 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 $6.1 million, a term of five years, with an interest rate of 6.83%. The loan also calls for interest only payments for the first six months and has no prepayment penalty.

“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

FAQ

What are the terms of Presidio Property Trust's (SQFT) One Park Center refinancing?

The refinancing includes a $6.1 million loan with a 6.83% interest rate, five-year term, six months of interest-only payments, and no prepayment penalty.

How many properties has Presidio Property Trust (SQFT) refinanced recently?

Presidio has refinanced two office properties in the past two months - One Park Center in September 2025 and Genesis Plaza in August 2025.

Where is Presidio Property Trust's (SQFT) One Park Center property located?

The One Park Center property is located in Westminster, Colorado.

What is the interest rate on Presidio Property Trust's (SQFT) new mortgage loan?

The new mortgage loan has an interest rate of 6.83%.