UMH Properties extends $260M credit facility to 2030, cuts interest rates 35-40 bps

Filed May 11, 2026 · Period ending May 7, 2026 · ~1 min read

Key Changes

• high

  Extended unsecured revolving credit facility maturity from November 2026 to May 2030, eliminating near-term refinancing risk. Facility provides $260M with accordion feature allowing expansion to $600M.

  Item 1.01 verify on EDGAR →
• high

  Reduced interest rates by 35-40 basis points to SOFR plus 1.30%-1.90% based on leverage ratio, lowering borrowing costs and improving profitability on future draws.

  Press Release verify on EDGAR →
• medium

  Improved borrowing capacity by reducing cap rate from 6.5% to 6.0% on unencumbered properties, increasing the value of collateral pool and available credit under 60% LTV limit.

  Press Release verify on EDGAR →