Ichigo Hotel REIT Investment Corporation announced that it decided to borrow funds via new loans. Loan Rationale: The new loans will be used to repay existing loans (JPY 2,220 million). Loan Details: Loan Date: Apr.
30, 2024. Lender: SMBC. Loan Amount: JPY 2,220 million.
Interest Rate: 3M JPY TIBOR +0.75% (p.a.). Repayment Date (Loan Term): Apr. 30, 2030 (6.0 years).
Repayment Terms: Lump-sum repayment. Collateralized: No.