GIPR sells two properties for $10.65M, repays $10.5M CMBS loan; CEO loans $610k for closing costs

GENERATION INCOME PROPERTIES, INC.

Sold Starbucks-occupied Tampa retail for $3.45M and Auburn-occupied Huntsville industrial for $7.2M; total $10.65M cash.
Full repayment of ~$10.5M CMBS loan serviced by PNC Bank; remaining CMBS-encumbered 7-Eleven in D.C. now unleveraged.
Issued $332k promissory note at 7.5% to NAI Chase and $103.5k at 0% to SRS for broker fees; both due Dec 31, 2025.
CEO David Sobelman's trust provided $610k loan at 5.75% for closing costs; due Aug 31, 2025; CEO also personally guaranteed the $332k note.

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