Routine real estate acquisition of a previously leased campus — no material impact on operations or earnings. The mortgage is moderate relative to the company's $1.7B market cap. Monitor upcoming quarterly filings for any changes in lease expense, occupancy costs, and leverage ratios.
Price Chart
Executive Summary
Lincoln Educational Services Corp completed the acquisition of its Melrose Park campus property (previously leased) for $18.8 million, funded with a $15.04 million mortgage from Provident Bank and $3.76 million cash on hand. The 10-year loan bears an initial fixed rate of 5.95% and is secured by the property, with a parent guarantee. This is a routine real estate optimization that converts an operating lease into owned property, with no disclosed impact on operations or earnings.
Key Financial Metrics
Key Facts
- Closed acquisition of Melrose Park campus property for $18,800,000 on July 7, 2026
- Seller was Melrose Omni, LLC; property located at 8315-8317 W. North Avenue, Melrose Park, IL
- Financed with $15,040,000 mortgage loan from Provident Bank; remainder ($3,760,000) from cash on hand
- Loan initial fixed rate of 5.95% per annum for first 5 years, then floating at 5yr Treasury + 1.75% (floor 5.00%)
- Loan matures August 1, 2036; monthly P&I payments of $97,244.93 beginning September 1, 2026
- Loan secured by Mortgage and guaranteed by parent Lincoln Educational Services Corp and subsidiaries
Financial Impact
Adds $15,040,000 in secured debt; eliminates future lease payments on the property; no immediate P&L impact disclosed
Risk Factors
- No specific risks disclosed; the loan is secured by the property and carries standard financial covenants
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001140361-26-028230 |
| Document: ef20077785_ex10-1.htm | 0001140361-26-028230 |
| Document: ef20077785_ex10-4.htm | 0001140361-26-028230 |
| Document: ef20077785_ex10-2.htm | 0001140361-26-028230 |
| Document: ef20077785_8k.htm | 0001140361-26-028230 |
| Document: 0001140361-26-028230-index-headers.html | 0001140361-26-028230 |
| Document: 0001140361-26-028230-index.html | 0001140361-26-028230 |
| Document: 0001140361-26-028230.txt | 0001140361-26-028230 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Press Release | $21.96 $21.68 | ▼ −1.27% | ▼ −0.75% | $21.26 (−3.19%) |
Oct 19, 2026 7d ago | Press Release | $22.37 | awaiting T+1 | — | $21.26 (−4.96%) |
Sep 21, 2026 5w ago | Press Release | $25.18 $24.22 | ▼ −3.81% | ▼ −3.80% | $21.26 (−15.57%) |
Sep 18, 2026 5w ago | Press Release | $25.37 $25.18 | ▼ −0.75% | ▼ −2.30% | $21.26 (−16.20%) |
Aug 20, 2026 9w ago | Press Release | $26.14 $25.72 | ▼ −1.61% | ▼ −2.02% | $21.26 (−18.67%) |
Aug 10, 2026 11w ago | 8-K | $30.77 $30.38 | ▼ −1.27% | ▼ −0.95% | $21.26 (−30.91%) |
Aug 10, 2026 11w ago | Press Release | $30.77 $30.38 | ▼ −1.27% | ▼ −0.95% | $21.26 (−30.91%) |
Jul 28, 2026 12w ago | Press Release | $42.06 $43.44 | ▲ +3.28% | ▲ +4.82% | $21.26 (−49.45%) |
Jul 10, 2026 15w ago | 8-K | $53.87 $53.51 | ▼ −0.67% | ▼ −1.02% | $21.26 (−60.53%) |
Jun 15, 2026 19w ago | Insider Cluster | $45.91 $46.50 | ▲ +1.29% | ▲ +2.53% | $21.26 (−53.69%) |
US Market Status
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