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New England Realty Associates Partnershi ( (NEN) ) has shared an announcement.
On May 30, 2025, New England Realty Associates Limited Partnership amended its Master Credit Facility Agreement with KeyBank, securing advances of $40,000,000 and $18,664,000 at fixed interest rates of 5.99% and 5.84%, respectively. The company plans to use the $40,000,000 advance to purchase the Hill Estates property in Belmont, Massachusetts, while the $18,664,000 advance was used to refinance an existing loan with Brookline Bank, potentially impacting its financial positioning and property portfolio.
More about New England Realty Associates Partnershi
Average Trading Volume: 1,688
Technical Sentiment Signal: Buy
Current Market Cap: $264.5M
Learn more about NEN stock on TipRanks’ Stock Analysis page.