GENERATION INCOME PROPERTIES, INC. (GIPR): debt financing — Generation Income Properties enters $1.0M secured promissory note due in 180 days

GENERATION INCOME PROPERTIES, INC.

Loan of $1.0M from Brown Family Enterprises, secured by operating partnership assets.
Interest at 16% for first 90 days, then 9% simple interest thereafter.
$500K principal plus accrued interest due at 90 days; remaining balance at 180 days.
Prepayment allowed without penalty.
Note is non-convertible; existing Security Agreement from July 2024 secures it.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

GENERATION INCOME PROPERTIES, INC. incurred loan of $1 million with Brown Family Enterprises, LLC at 16% per annum maturing the 180th day after the issuance of the Promissory Note.

Instrument: loan
Principal: $1 million
Counterparty: Brown Family Enterprises, LLC
Rate: 16% per annum
Maturity: the 180th day after the issuance of the Promissory Note
Event: incurrence

Exact text from the filing

On April 25, 2025, Generation Income Properties, Inc. (the “Company”), through its operating partnership Generation Income Properties L.P. (the “Operating Partnership”), entered into a loan transaction for a $1.0 million loan that is evidenced by a secured non-convertible promissory note (the "Promissory Note") payable to Brown Family Enterprises, LLC ("Lender") in the original principal amount of $1 million.

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Source: SEC EDGAR

accession 0000950170-25-060105

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