KBS REIT III Extends $317.4 Million Accenture Tower Loan to December 2026
Bitget2026/11/05 20:13- KBS REIT III on October 30, 2026, extended its $317.4 million Accenture Tower Loan to December 17, 2026.
- A conditional extension to November 2, 2027, requires a $400,000 fee.
- Interest is one-month Term SOFR plus 325 basis points effective November 2, 2026, falling to 300 basis points upon extension.
- The $137.8 million 3001 & 3003 Washington Mortgage Loan with Bank of America now matures January 20, 2027, without further extension options.
- Bank of America may declare default and accelerate repayment if it reasonably determines refinancing on required terms is unlikely by maturity.
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