Onfolio reaches forbearance agreement with Eastern Standard after missed loan payments
ONFO•Onfolio Holdings secured forbearance on October 12, 2026, for its subsidiary’s overdue $850,000 note. It must pay $450,000 by October 31, followed by monthly payments, with a final $45,754.29 payment due July 1, 2027.
1. Forbearance terms
The scheduled payments total $915,754.29, including a $20,000 late charge. Missing the initial deadline or exceeding the 10-day cure period for monthly payments permits enforcement against subsidiary assets and the parent’s guaranty; timely completion releases the security interests and guaranty, while default interest continues accruing and the note’s maturity remains unchanged.
