MacKenzie Realty Capital enters forbearance on Napa property, refinances Hollywood loan at lower rate

MacKenzie Realty Capital, Inc.

Paid $5M forbearance payment, reducing Main Street West loan balance to ~$10.4M; interest reset to 8%.
Lender agreed to forbear from foreclosure until September 30, 2025, subject to terms.
Closed new $11.66M CMBS loan at 5.866% on Hollywood property, replacing $17M construction loan at 9.5%.
Refinancing expected to increase annual property cashflow by over $900,000.
Forbearance payment funded by proceeds from March 2025 registered direct offering of common stock and warrants.

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