Mitsui Fudosan Accommodations Fund Inc. [3226.T]
TOKYO, Jun 03 (Pulse News Wire) – Mitsui Fudosan Accommodations Fund Inc. (3226.T) announced today that it has secured a loan of ¥20 billion from Mizuho Bank to finance the purchase of properties and related expenses.
The funds will be used to acquire Park Cube Hachioji, scheduled for delivery on May 29, 2026, and to cover costs associated with the previously acquired Park Axis Oshiage Residence and Park Axis Nishikomori, purchased on April 09, 2026. The loan carries a monthly interest rate based on the Tokyo Interbank Offered Rate (TIBOR) plus 0.02%, with repayment due on May 30, 2036. Interest payments will be calculated based on the TIBOR rate published two business days prior to each payment date by the Japan Banking Association's TIBOR Operations Committee. Following the execution of this loan, the fund’s total borrowings increased by ¥25 billion, bringing its total debt to ¥1,702 billion.
The ratio of interest-bearing liabilities rose slightly from 50.4% to 50.8%. The long-term interest-bearing liability ratio remained unchanged at 35%. This additional borrowing complements the existing equity funding allocated towards the aforementioned property acquisitions. The fund maintains that there have been no significant changes in investment risks since the last securities report filed on December 15, 2025.
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