{"schema_version":"secwatch.filing_event.v1","accession":"0001550913-25-000098","form_type":"8-K","ticker":"MKZR","cik":"0001550913","company_name":"MacKenzie Realty Capital, Inc.","filed_at":"2025-06-13T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.727457+00:00","generated_at":"2026-05-19T08:15:20.613549+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"MacKenzie Realty Capital secures $3M secured loan facility to fund non-traded REIT share purchases","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001550913-25-000098","json":"https://secwatch.observer/filing/0001550913-25-000098.json","markdown":"https://secwatch.observer/filing/0001550913-25-000098.md","text":"https://secwatch.observer/filing/0001550913-25-000098.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1550913/000155091325000098/0001550913-25-000098-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1550913/000155091325000098/mrc8k06132025.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T08:15:20.613549+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":"6f5857cd9f1c3c95f7c8c181606ce6f26bf39e4d","claim":"MacKenzie Realty Capital, Inc. incurred loan of $1,115,000 with Streeterville Capital, LLC maturing 18 months after the date that the Initial Purchase Price is delivered by the Investor to the Company (the \"Purchase Price Date\").","evidence_excerpt":"On June 11, 2020, the Company issued, pursuant to the Note Purchase Agreement, the Secured Promissory Note #1 (the \"Secured Note\") in the principal amount of $1,115,000 in favor of the Investor.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1550913/000155091325000098/0001550913-25-000098-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$1,115,000"},{"label":"Counterparty","value":"Streeterville Capital, LLC"},{"label":"Maturity","value":"18 months after the date that the Initial Purchase Price is delivered by the Investor to the Company (the \"Purchase Price Date\")"},{"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"}