Onfolio Reaches Forbearance Agreement With Eastern Standard After Missed Loan Payments

Bitget2026/10/20 16:34

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Onfolio Holdings secured forbearance October 12, 2026, from Pennsylvania-based Eastern Standard on its subsidiary's overdue $850,000 promissory note.
Payments require $450,000 by October 31, 2026, followed by $60,000 monthly beginning December 1, 2026.
The final $45,754.29 payment is due July 1, 2027, bringing scheduled payments to $915,754.29, including a $20,000 late charge.
Missing the initial deadline or exceeding the 10-day monthly payment cure period permits enforcement against subsidiary assets and the parent's guaranty.
The agreement leaves the note's maturity unchanged; default interest continues accruing, while timely completion releases the security interests and guaranty.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Onfolio Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-110936), on October 20, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Onfolio Reaches Forbearance Agreement With Eastern Standard After Missed Loan Payments

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