secwatch.observer — SEC 8-K summary
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Issuer:     MacKenzie Realty Capital, Inc. (MKZR)
CIK:        0001550913
Form:       8-K
Filed at:   2025-01-28T23:59:59+00:00
Accession:  0001550913-25-000032
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1550913/000155091325000032/0001550913-25-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1550913/000155091325000032/mrc8k012825.htm
  HTML page:      https://secwatch.observer/filing/0001550913-25-000032

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer