From GlobeNewswire: 2025-04-01 19:48:00

The InterGroup Corporation successfully refinanced the Hilton San Francisco Financial District Hotel through its subsidiary, Justice Operating Company, LLC. The $67 million mortgage loan from PRIME Finance carries an interest rate based on SOFR plus 4.80%, with a cap at 4.50%. Another subsidiary, Justice Mezzanine Company, LLC, modified its mezzanine loan with CRED REIT Holdco LLC for $36.3 million at a fixed rate of 7.25% per annum. Both loans mature in two years with extension options. This strategic move enhances financial flexibility and stability for InterGroup and its subsidiaries, setting the stage for continued growth and value creation.



Read more at GlobeNewswire: The InterGroup Corporation Announces Strategic Refinancing