MacKenzie Realty Capital secures $3M secured loan facility to fund non-traded REIT share purchases

MacKenzie Realty Capital, Inc.

Entered Note Purchase Agreement with Streeterville Capital for up to $3,270,000 in secured promissory notes; initial net funding of $1,000,000.
Loan carries 18-month maturity, OID of $90,000, and $25,000 transaction expense amount; prepayment premium 107% within 90 days.
Proceeds will fund purchase of discounted non-traded REIT shares; recent Starwood REIT tender at $15.30/share (~33% discount to NAV).
Collateral includes security interest in MRC QRS assets and stock pledge of MRC QRS common shares; MRC QRS guarantees the loan.

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