MacKenzie Realty enters $10M affiliate line of credit at 10% interest

MacKenzie Realty Capital, Inc.

Line of credit up to $10M from Patterson Real Estate Services, an affiliate of company's adviser.
Interest rate 10% per annum; each draw incurs a 2% origination fee added to principal.
Maturity date June 1, 2026; monthly interest-only payments starting March 1, 2025.
Board, including independent directors, approved the related-party transaction.
Default rate increases interest by 5% upon default; customary events of default.

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