Lincoln Educational acquires Melrose Park campus for $18.8M, finances 80% with 10-year mortgage

Filed July 10, 2026 · Period ending July 7, 2026 · ~1 min read

Key Changes

• high

  Completed purchase of Melrose Park, IL campus property for $18.8M, converting a leased facility into a company-owned asset.

  Item 2.01 verify on EDGAR →
• high

  Financed $15M (80% of purchase price) with a 10-year mortgage from Provident Bank at 5.99% fixed for five years, then Treasury+1.75% with 5% floor; monthly payments ~$97,628 starting August 2026.

  Item 2.01 verify on EDGAR →
• medium

  Loan secured by the property and guaranteed by parent company and subsidiaries, creating recourse beyond the asset itself.

  Item 2.01 verify on EDGAR →