ENDI Corp (ENDI)

[flemsnopes]

$SYTE MT. MELROSE,LLC ACQUISITION 8K

Pursuant to the Purchase Agreement, the Company, through a to-be-formed limited liability company subsidiary wholly owned by the Company (the “Sitestar Designee”), will acquire, in a series of closings, substantially all of the business assets of Mt. Melrose. The assets primarily consist of 122 residential properties currently owned by Mt. Melrose and an undetermined number of additional residential properties under contract for purchase by Mt. Melrose, along with Mt. Melrose’s rights and ongoing obligations, as lessor/landlord, under all leases covering such real properties. Pursuant to the Purchase Agreement, the Company, through the Sitestar Designee, will assume, as of each closing, any outstanding indebtedness secured by the real properties then being conveyed at such closing. As of November 30, 2017, the real properties, all together, secured indebtedness having an aggregate principal balance of approximately $4,883,736.

http://secfilings.com/searchresultswide.aspx?link=2&filingid=12424876