{"schema_version":"secwatch.filing_event.v1","accession":"0001550913-25-000087","form_type":"8-K","ticker":"MKZR","cik":"0001550913","company_name":"MacKenzie Realty Capital, Inc.","filed_at":"2025-06-11T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.726918+00:00","generated_at":"2026-05-19T13:11:36.415601+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"MacKenzie Realty Capital refinances $9.5M loan for Main Street West property, resolving maturity default","bullets":["New loan from EverTrust Bank for $9.5M at Prime (currently 7.5%) with 6.5% floor; matures May 30, 2028.","30-year amortization schedule; loan is guaranteed by the Company.","Subsidiary Innovate Napa, LLC master leases 36.2% of property's rentable sq ft, capitalized with $500,000.","Property is 40,000 sq ft retail/professional suites at 1250 Main St, Napa, CA.","Prior loan from First Northern Bank was in maturity default and under forbearance; now paid off."],"urls":{"canonical":"https://secwatch.observer/filing/0001550913-25-000087","json":"https://secwatch.observer/filing/0001550913-25-000087.json","markdown":"https://secwatch.observer/filing/0001550913-25-000087.md","text":"https://secwatch.observer/filing/0001550913-25-000087.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1550913/000155091325000087/0001550913-25-000087-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1550913/000155091325000087/mrc8k06112025.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T13:11:36.415601+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"98a8bfb6ba6245c0c05c489a4f48d7a12f7fecf1","claim":"MacKenzie Realty Capital, Inc. incurred mortgage of $9.5 million with Evertrust Bank at The Wall Street Journal Prime Rate, currently 7.5% annually, with a 6.5% floor maturing May 30, 2028.","evidence_excerpt":"The material terms of New Loan are as follows: • The principal amount of the loan is $9.5 million. • The interest rate is equal to The Wall Street Journal Prime Rate, currently 7.5% annually, with a 6.5% floor. • The loan matures on May 30, 2028, with amortization based upon a 30-year repayment schedule.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1550913/000155091325000087/0001550913-25-000087-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"mortgage"},{"label":"Principal","value":"$9.5 million"},{"label":"Counterparty","value":"Evertrust Bank"},{"label":"Rate","value":"The Wall Street Journal Prime Rate, currently 7.5% annually, with a 6.5% floor"},{"label":"Maturity","value":"May 30, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}