← BlackRock Monticello Debt Real Estate Investment Trust
Signed Jun 1, 2026
| Tranche | Size | Matures | Margin |
|---|---|---|---|
| Revolving credit facility | $100m | Jun 2029 | n/a |
Priced over Other (Revolving credit facility).
| Level | Condition | Margin | Unused fee |
|---|---|---|---|
| Level Non-Usage Fee | if the Advances Outstanding on such day are less than or equal to 65% of the Maximum Facility Amount | n/a | 25 bps |
Lenders: ConnectOne Bank
Equity cure available.
Commencing with the fiscal quarter ending June 30, 2027, Guarantor shall maintain, as of the last day of any fiscal quarter following the Closing Date, unrestricted and unencumbered Liquid Assets in an amount not less than $20,000,000.Read the filing on sec.gov ↗
Equity cure available.
the Guarantor shall maintain a Total Net Worth equal to not less than the greater of: (a) seventy percent (70%) of the aggregate net cash proceeds advanced by Lender under the Loan as of such date, or (b) One Hundred Million and 00/100 Dollars ($100,000,000.00).Read the filing on sec.gov ↗
Equity cure available.
Commencing with the fiscal quarter ending June 30, 2027, Guarantor shall maintain, as of the last day of any fiscal quarter following the Closing Date, a Leverage Ratio no greater than 4.50 to 1.00.Read the filing on sec.gov ↗
Equity cure available.
Commencing with the fiscal quarter ending June 30, 2027, Guarantor shall maintain an Interest Coverage Ratio of at least 1.25 to 1.00, calculated as of the last day of any fiscal quarter following the Closing Date using the results of the twelve-month period ending on such day;Read the filing on sec.gov ↗
No amendments on file yet.
Email [email protected].