secwatch.observer — SEC 8-K summary
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Issuer:     MacKenzie Realty Capital, Inc. (MKZR)
CIK:        0001550913
Form:       8-K
Filed at:   2025-06-11T23:59:59+00:00
Accession:  0001550913-25-000087
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1550913/000155091325000087/0001550913-25-000087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1550913/000155091325000087/mrc8k06112025.htm
  HTML page:      https://secwatch.observer/filing/0001550913-25-000087

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