debt
confidence high
sentiment neutral
materiality 0.55
Reliance Global amends Oak Street credit pact to allow SMI sale; 50% of proceeds to prepay debt
Reliance Global Group, Inc.
- Sixth Amendment dated Sept 4, 2026 with Oak Street Funding approves sale of Southwestern Montana Insurance Center to Scali, LLC.
- Fifty percent of sale proceeds ($1,207,324.67) applied to prepay Loan ID 121393; company retains remaining balance.
- Oak Street releases SMI as borrower and all liens on its assets upon receipt of loan paydown.
- Amendment fee $15,000 paid; all guarantors including CEO Ezra Beyman executed Reaffirmation of Credit Documents.