Onfolio wins forbearance on $850,000 note with revised payment schedule
Onfolio Holdings reached a forbearance deal with its lender on an $850,000 note tied to the Eastern Standard acquisition, with payments running to July 2027.
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what happened
Onfolio Holdings has signed a limited forbearance agreement and confirmed its loan documents for an $850,000 promissory note linked to its purchase of Eastern Standard. TradingView reported the details, citing filings made with the SEC.
Under the revised plan, the company must pay $450,000 by October 31, 2026, then $60,000 a month beginning December 1, 2026, and a final $45,754.29 on July 1, 2027. Including interest and fees, the total comes to $915,754.29.
As long as Onfolio keeps to the timetable, the lender has agreed not to pursue enforcement. Default interest keeps accruing, and the maturity date stays unchanged. Once all payments are made on time, the note is treated as settled and the related collateral and guarantee are released.
why it matters
For markets this is a routine event at a small company, but it shows Onfolio had missed note payments and needed a restructured schedule to avoid enforcement. The size of the obligation is unlikely to move broader markets; the main relevance is for shareholders, since default interest adds to the total cost of the debt.
tags
instruments
sources
- Onfolio Holdings Secures Forbearance on $850,000 Note; To Pay $450K Upfront, $60K Monthly — TradingView, 20 October 2026 at 16:43 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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