---
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"
generated_at: "2026-05-18T05:46:57.015132+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Medalist Diversified REIT acquires Pensacola property for $14.5M via new $14.7M line of credit

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-009301
- JSON: https://secwatch.observer/filing/0001558370-25-009301.json
- Plain text: https://secwatch.observer/filing/0001558370-25-009301.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1654595/000155837025009301/0001558370-25-009301-index.htm
- M&A Transactions
  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
  source text: On July 18, 2025, the Purchaser closed on the acquisition. The total purchase price paid for the Property was $14,544,504.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1654595/000155837025009301/0001558370-25-009301-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.