---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-034801"
form_type: "8-K"
ticker: "GIPR"
cik: "0001651721"
company_name: "GENERATION INCOME PROPERTIES, INC."
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:22:18.492654+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Generation Income Properties increases secured loan by $4M to $5.5M, extends maturity to 2026

## Summary
- Loan increased from $1.5M to $5.5M via amended note dated July 21, 2023.
- Maturity extended from Oct 14, 2024 to Oct 14, 2026; interest remains 9% per annum.
- Loan secured by equity interests of five LLCs: GIPVA 2510 Walmer Ave, GIPVA 130 Corporate Blvd, GIP DB SPE, GIPVB SPE, GIPFL 508 S. Howard Ave.
- No other changes to original note terms.

## SEC filing metadata
- accession: 0000950170-23-034801
- form_type: 8-K
- ticker: GIPR
- cik: 0001651721
- company_name: GENERATION INCOME PROPERTIES, INC.
- filed_at: 2023-07-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1651721/000095017023034801/0000950170-23-034801-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1651721/000095017023034801/gipr-20230721.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-034801
- JSON: https://secwatch.observer/filing/0000950170-23-034801.json
- Plain text: https://secwatch.observer/filing/0000950170-23-034801.txt

## Key facts
- Material Agreements
  GENERATION INCOME PROPERTIES, INC. amended Amended and Restated Promissory Note with Brown Family Enterprises, LLC valued at from $1.5 million to $5.5 million (effective 2023-07-21).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Brown Family Enterprises, LLC
  - Value: from $1.5 million to $5.5 million
  - Effective: 2023-07-21
  source text: amended and restated its previously disclosed Secured Promissory Note, dated October 14, 2022 (the "Note"), payable to Brown Family Enterprises, LLC ("Lender"), and the related Security Agreement with the Lender, dated October 14, 2022 (the “Security Agreement”), to reflect an increase in the Note and the loan evidenced thereby (the “Loan”) from $1.5 million to $5.5 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1651721/000095017023034801/0000950170-23-034801-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.