secwatch.observer — SEC 8-K summary
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Issuer:     MacKenzie Realty Capital, Inc. (MKZR)
CIK:        0001550913
Form:       8-K
Filed at:   2025-06-13T23:59:59+00:00
Accession:  0001550913-25-000098
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1550913/000155091325000098/0001550913-25-000098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1550913/000155091325000098/mrc8k06132025.htm
  HTML page:      https://secwatch.observer/filing/0001550913-25-000098

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