---
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"
generated_at: "2026-05-19T13:11:36.415601+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# MacKenzie Realty Capital refinances $9.5M loan for Main Street West property, resolving maturity default

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001550913-25-000087
- JSON: https://secwatch.observer/filing/0001550913-25-000087.json
- Plain text: https://secwatch.observer/filing/0001550913-25-000087.txt

## Key facts
- Debt Financings
  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.
  - Instrument: mortgage
  - Principal: $9.5 million
  - Counterparty: Evertrust Bank
  - Rate: The Wall Street Journal Prime Rate, currently 7.5% annually, with a 6.5% floor
  - Maturity: May 30, 2028
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1550913/000155091325000087/0001550913-25-000087-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.