{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-25-009301","form_type":"8-K","ticker":"MDRR","cik":"0001654595","company_name":"Medalist Diversified, Inc.","filed_at":"2025-07-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.573555+00:00","generated_at":"2026-05-18T05:46:57.015132+00:00","sec_items":["1.01","2.01","2.03","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Medalist Diversified REIT acquires Pensacola property for $14.5M via new $14.7M line of credit","bullets":["Acquired 42,461 sq ft building on 3.498 acres in Pensacola, FL for total purchase price $14,544,504.","Property was extensively renovated immediately prior to acquisition, changing use from trade college to automotive sales/service/distribution.","Funded by new $14.7M line of credit from Farmers and Merchants Bank, cross-collateralized by the acquired property and three other properties.","Line of credit floating rate at prime with floor 6.25%; current rate 7.25%."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-25-009301","json":"https://secwatch.observer/filing/0001558370-25-009301.json","markdown":"https://secwatch.observer/filing/0001558370-25-009301.md","text":"https://secwatch.observer/filing/0001558370-25-009301.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1654595/000155837025009301/0001558370-25-009301-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1654595/000155837025009301/mdrr-20250718x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T05:46:57.015132+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":"45ad396273a5590cc4656f5007f59558fb9eccf5","claim":"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%.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1654595/000155837025009301/0001558370-25-009301-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$14,700,000"},{"label":"Counterparty","value":"Farmers and Merchants Bank of Long Beach"},{"label":"Rate","value":"prime rate announced by the Lender, subject to a floor rate of 6.25%"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"2e2856893102ce8d7b05ccfd9c5bee71db0e45fe","claim":"Medalist Diversified, Inc. completed an acquisition involving Drake Motor Partners Pensacola LLC for $14,544,504 (closed 2025-07-18).","evidence_excerpt":"On July 18, 2025, the Purchaser closed on the acquisition. The total purchase price paid for the Property was $14,544,504.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1654595/000155837025009301/0001558370-25-009301-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Drake Motor Partners Pensacola LLC"},{"label":"Consideration","value":"$14,544,504"},{"label":"Closing","value":"2025-07-18"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}