Company: KBSR
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001482430-25-000042
Chunk: 123

Company: KBS Real Estate Investment Trust III, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 123
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Principal & Interest12/31/2026Modified Portfolio Revolving Loan Facility (6)208,643 209,789 One-month Term SOFR + 3.00%7.32%Principal & Interest03/01/20263001 & 3003 Washington Mortgage Loan (7)138,807 138,807 One-month Term SOFR + 0.10% + 2.90%7.32%Interest Only05/06/2026Accenture Tower Loan (8)317,447 307,097 One-month Term SOFR + 3.00%7.32%Interest Only11/02/2026Credit Facility (9)62,852 62,852 One-month Term SOFR + 3.00%7.32%Principal & Interest09/30/2027Amended and Restated Portfolio Loan Facility (10)475,114 460,938 One-month Term SOFR + 3.00%7.32%Principal & Interest01/22/2027Park Place Village Mortgage  Loan (11) 65,000 65,000 One-month Term SOFR + 1.95%6.27%Interest Only08/31/2025Total notes payable principal outstanding$1,474,666 $1,451,063 Deferred financing costs, net(17,139)(8,402)Total Notes Payable, net$1,457,527 $1,442,661 _____________________(1) Contractual interest rate represents the interest rate in effect under the loan as of June 30, 2025.  Effective interest rate is calculated as the actual interest rate in effect as of June 30, 2025, consisting of the contractual interest rate and using interest rate indices as of June 30, 2025, where applicable.  For information regarding the Company’s derivative instruments, see Note 9, “Derivative Instruments.”(2) Represents the maturity date as of June 30, 2025; subject to certain conditions, the maturity dates of certain loans may be extended beyond the dates shown.  See below.(3) Beginning January 1, 2024, the borrower under the Almaden Mortgage Loan is required to make a monthly principal payment in the amount of $130,000.  (4) See below, “– Recent Financing Transactions – Carillon Mortgage Loan.” (5) Secured Overnight Financing Rate (“Term SOFR