Company: KBSR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001482430-25-000054
Chunk: 21

Company: KBS Real Estate Investment Trust III, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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13%Principal & Interest09/30/2027Amended and Restated Portfolio Loan Facility (10)387,747 460,938 One-month Term SOFR + 3.00%7.13%Principal & Interest01/22/2027Park Place Village Mortgage  Loan (11) — 65,000 (11)(11)(11)(11)Total notes payable principal outstanding$1,293,282 $1,451,063 Deferred financing costs, net(13,885)(8,402)Total Notes Payable, net$1,279,397 $1,442,661 _____________________(1) Contractual interest rate represents the interest rate in effect under the loan as of September 30, 2025.  Effective interest rate is calculated as the actual interest rate in effect as of September 30, 2025, consisting of the contractual interest rate and using interest rate indices as of September 30, 2025, where applicable.  For information regarding the Company’s derivative instruments, see Note 9, “Derivative Instruments.”(2) Represents the maturity date as of September 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”).(6) Beginning June 1, 2024, the borrowers under the Modified Portfolio Revolving Loan Facility are required to make a quarterly principal payment in the amount of $880,900.  As of September 30, 2025, $4.4 million of the holdbacks on the Modified Portfolio Revolving Loan Facility are available for future disbursement, subject to certain terms and conditions contained in the loan documents.  The Modified Portfolio Revolving Loan Facility is secured by 515 Congress, Gateway Tech Center and 201 17th Street.  For more information on this loan, see the Company’s Annual Report filed with the SEC.(7) The 3001 & 3003 Washington Mortgage Loan is secured by 3001 Washington Boulevard and 3003 Washington Boulevard.  For more information on this loan, see the Company’s Annual Report filed with the SEC