{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-115493","form_type":"8-K","ticker":"MDRR","cik":"0001654595","company_name":"Medalist Diversified, Inc.","filed_at":"2026-10-13T20:06:28+00:00","discovered_at":"2026-10-13T20:08:00.262269+00:00","generated_at":"2026-10-13T20:08:12.344449+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Medalist Savannah JV draws $13.8M construction loan; REIT unit guarantees completion, cost overruns","bullets":["MIRA Sav Property LLC, a Mira JV subsidiary, closed a $13.8M construction loan from GLP 2505 LLC on Oct 9, 2026 for a Savannah, GA townhome project.","Loan funds $5.05M at closing plus $8.75M construction reserve; interest is greater of 11.5% or WSJ Prime +4.75%; matures Oct 9, 2027.","Medalist's operating partnership signed non-recourse carveout, completion (cost overruns) and environmental guaranties; minimum aggregate interest of $940,000 required.","Medalist committed $4.0M for ~42% preferred equity in the Mira JV; Spandrel holds 37% common, CEO Frank Kavanaugh and director Emanuel Neuman 11% each.","Contribution Agreement with co-guarantor Spandrel Sponsors Fund II allocates losses; untimely reimbursements bear 18% interest with JV dilution."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-115493","json":"https://secwatch.observer/filing/0001104659-26-115493.json","markdown":"https://secwatch.observer/filing/0001104659-26-115493.md","text":"https://secwatch.observer/filing/0001104659-26-115493.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1654595/000110465926115493/0001104659-26-115493-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1654595/000110465926115493/mdrr-20261009x8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-13T20:08:12.344449+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}