CHCI

#3606
Comstock Holding Companies, Inc. - Class A Common Stock
20.0 5 USD
+0.01%
Market Price
Settore: Immobiliare
Base: USD
Valuta di Profitto: USD
Intervallo Giornaliero
20.05
20.05
Intervallo Annuale
10.14
20.40
Variazione giornaliera
+0.91%
Variazione Mensile
+40.21%
Variazione di 6 mesi
+74.96%
Variazione Annuale
+26.10%
Chiusura Precedente
19.8 7
Open
20.0 5
Minimo
20.0 5
Massimo
20.0 5
Volume
8
Apri il grafico completo

Financials

Panoramica Estratto Conto Statistiche Documents

2026

Current report, Q3 FY2026
Comstock Holding Companies, Inc. current report, Q3 FY2026
8-K
Quarterly report, Q2 FY2026
Comstock Holding Companies, Inc. quarterly report, Q2 FY2026
10-Q
Current report, Q2 FY2026
Comstock Holding Companies, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Comstock Holding Companies, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Comstock Holding Companies, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Comstock Holding Companies, Inc. current report, Q2 FY2026
8-K
Quarterly report, Q1 FY2026
Comstock Holding Companies, Inc. quarterly report, Q1 FY2026
10-Q
Current report, Q1 FY2026
Comstock Holding Companies, Inc. current report, Q1 FY2026
8-K
Current report, Q1 FY2026
Comstock Holding Companies, Inc. current report, Q1 FY2026
8-K
Current report, Q1 FY2026
Comstock Holding Companies, Inc. current report, Q1 FY2026
8-K

Comstock Holding Companies, Inc. current report, 19 March 2020

Full document

Business Context and Reporting Period

Comstock Holding Companies, Inc. (CHCI) filed a Form 8-K on March 25, 2020, reporting a material event that occurred on March 19, 2020. The filing details the entry into a new material definitive agreement and the creation of a direct financial obligation under an off-balance sheet arrangement.

Key Financial Metrics and Obligations

  • New Debt Facility: Entered into a Revolving Capital Line of Credit Agreement for $10,000,000.
  • Lender: Comstock Development Services, L.C., an entity wholly owned by CHCI's Chief Executive Officer, Christopher Clemente.
  • Interest Rate: Variable rate set at the WSJ Prime Rate plus 1.00% per annum, payable monthly in arrears.
  • Term Structure: A five-year term facility with interim draws maturing 12 months from the initial disbursement date unless extended by agreement.
  • Use of Proceeds:
    • Retire 10% corporate indebtedness maturing in 2020 owed to Comstock Growth Fund, L.C.
    • Secure additional investment opportunities.
    • General corporate purposes.

Material Changes

The primary material change is the refinancing of existing debt. The Company is utilizing the new $10 million line of credit to retire all outstanding 10% corporate indebtedness maturing in 2020 owed to Comstock Growth Fund, L.C. This transaction alters the Company's debt maturity profile and interest rate structure.

Outlook, Risks, and Contingencies

The filing indicates the Company intends to file the full Loan Documents with its Quarterly Report on Form 10-Q for the fiscal quarter ending March 31, 2020. A significant risk factor is the related-party nature of the transaction, as the lender is wholly owned by the Company's CEO. The filing does not provide specific guidance on future revenue or profit margins, nor does it detail other operational risks beyond the terms of the new loan.

Investor Verification Checklist

  • Verify the exact amount of the 10% corporate indebtedness being retired to confirm the full utilization of the new facility.
  • Review the upcoming Form 10-Q for the complete text of the Loan Documents and any covenants not summarized in this 8-K.
  • Assess the impact of the related-party transaction on corporate governance and potential conflicts of interest.
  • Confirm the current WSJ Prime Rate to calculate the immediate effective interest cost of the new facility.

Notizie