Company: NEN
Filing Date: 2025-06-13
Form Type: 8-K/A
Source: 0001104659-25-059327
Chunk: 2

Company: NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP
Filing Date: 2025-06-13
Form: 8-K/A
Chunk 2
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 amount of $18,664,000, at a fixed interest rate of 5.84%; and (y) a
Future Advance in the amount of $40,000,000, at a fixed interest rate of 5.99%; (ii) Additional Mortgaged Property has been added
to the Collateral Pool (the “Mortgage”); and (iii) Hamilton Highlands, LLC, a Massachusetts limited liability company,
a wholly owned by the Partnership, has been joined as Additional Borrower into the Master Agreement and other Loan Documents as if it
were an Original Borrower thereunder.

The Partnership used the proceeds of the Hamilton
Highlands advance in the amount of $18,664,000, to refinance its existing loan with Brookline Bank.

The Partnership intends to use the proceeds of
the $40,000,000 advance, together with existing cash on hand and a bridge loan from KeyBank, to purchase the Hill Estates property in
Belmont, Massachusetts.

The foregoing description of the Amendment and
the Mortgage does not purport to be complete and is qualified in its entirety by reference to the text of the respective documents, which
are filed as Exhibit 10.1 and Exhibit 10.2, respectively, with this Current Report on Form 8-K.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 of this
Current Report on Form 8-K is incorporated by reference into this Item 2.03.

As previously disclosed in the Partnership’s
Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, which was filed with the Securities and Exchange Commission on May 9, 2025, the Partnership entered into a Rate Lock Authorization Agreement with the Bank in connection with a proposed $18,759,000
refinancing of Hamilton Highlands property and a $40,000,000 advance under the Facility. The transactions were completed on May 30,
2025. The final principal amounts of the advances were $18,664,000 and $40,000,000, respectively, and other material terms were consistent
with the prior disclosure.

Item 9.01 Financial Statements and Exhibits.

(a) Exhibits.

10.1 Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement to the Master Credit Facility Agreement dated as of November 30,