REVEN HOUSING REIT, INC. (NASDAQ:RVEN) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.

On April 4, 2017, certain wholly-owned subsidiaries of Reven Housing REIT, Inc., a Maryland corporation, as borrowers, entered into loan modification agreements with Silvergate Bank, as lender, with respect to four existing real estate loan agreements with a total outstanding principal balance of approximately $19,720,000 as of April 4, 2017. to the loan modification agreements, the interest payable on the outstanding principal for all four loans has been reduced to a fixed rate of 4.5% per annum and principal and interest payments will be made monthly based on a 25 year amortization period with the remaining unpaid principal on all four loans due on April 5, 2020. As a condition to the loan modifications, Reven Housing REIT, Inc., the parent of the borrowers, provided to Silvergate it guaranty of the performance of the borrowers’ obligations under the loan agreements.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information reported under Item 1.01 of this Current Report on Form 8-K regarding the description of the loan modification agreements and the material terms and conditions related thereto is incorporated herein by reference.

About REVEN HOUSING REIT, INC. (NASDAQ:RVEN)

Reven Housing REIT, Inc. is a holding company. The Company is an internally managed real estate investment trust. It is engaged in the acquisition, ownership and operation of portfolios of leased single family homes in the United States. Its objective is to generate cash flow and distribute resulting profits to its stockholders in the form of distributions, while gaining home price appreciation at the same time through the ownership of its portfolio properties. It operates its portfolio properties as single family rentals (SFRs), and generates its revenue from rental income from the existing tenants of the SFRs. As of December 31, 2015, it owned a total of 527 homes, of which 256 homes were in the Jacksonville, Florida metropolitan area; 168 homes were in the Houston, Texas metropolitan area; 94 homes were in the Memphis, Tennessee metropolitan area (with two of the Memphis homes located across the border in Mississippi), and nine homes were in the Atlanta, Georgia metropolitan area.

REVEN HOUSING REIT, INC. (NASDAQ:RVEN) Recent Trading Information

REVEN HOUSING REIT, INC. (NASDAQ:RVEN) closed its last trading session up +0.02 at 5.87 with 200 shares trading hands.