Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Medalist Diversified, Inc. incurred credit facility of $14,700,000 with Farmers and Merchants Bank of Long Beach at prime rate announced by the Lender, subject to a floor rate of 6.25%.
- Instrument
- credit facility
- Principal
- $14,700,000
- Counterparty
- Farmers and Merchants Bank of Long Beach
- Rate
- prime rate announced by the Lender, subject to a floor rate of 6.25%
- Event
- incurrence
Exact text from the filing
On July 18, 2025, in connection with the completion of the acquisition discussed below, MDRR XXV Depositor 1, LLC, a Delaware limited liability company (the “Purchaser”), a wholly owned subsidiary of Medalist Diversified Holdings, LP, a Maryland limited partnership and the operating partnership (the “Operating Partnership”) of Medalist Diversified REIT, Inc. (the “Company”), entered into a Loan Agreement (the “Loan Agreement”) with Farmers and Merchants Bank of Long Beach (the “Lender”), for a line of credit in the maximum amount of $14,700,000 (the “Line of Credit”).
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M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Medalist Diversified, Inc. completed an acquisition involving Drake Motor Partners Pensacola LLC for $14,544,504 (closed 2025-07-18).
- Action
- acquisition
- Counterparty
- Drake Motor Partners Pensacola LLC
- Consideration
- $14,544,504
- Closing
- 2025-07-18
Exact text from the filing
On July 18, 2025, the Purchaser closed on the acquisition. The total purchase price paid for the Property was $14,544,504.
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