secwatch.observer — SEC 8-K summary
======================================

Issuer:     MacKenzie Realty Capital, Inc. (MKZR)
CIK:        0001550913
Form:       8-K
Filed at:   2025-03-31T23:59:59+00:00
Accession:  0001550913-25-000065
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1550913/000155091325000065/0001550913-25-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1550913/000155091325000065/mrc8k033125.htm
  HTML page:      https://secwatch.observer/filing/0001550913-25-000065

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