Generation Income Properties secures $1.1M mortgage on Washington, D.C. property at 6.5% fixed

GENERATION INCOME PROPERTIES, INC.

$1.1M loan from Valley National Bank at 6.50% fixed, secured by previously unencumbered property at 3707-3711 14th St NW, Washington, D.C.
Initial disbursement of $750k; remaining $350k contingent on 7-Eleven lease renewal by March 31, 2026.
Interest-only payments through June 13, 2026; if lease renewed, maturity extends to 2030 with 25-year amortization.
Executive Chairman David E. Sobelman guaranteed certain nonrecourse carveout obligations.
Borrower must maintain minimum DSCR of 1.50:1.00 tested quarterly on trailing twelve months.

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