secwatch.observer — SEC 8-K summary
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Issuer:     Medalist Diversified, Inc. (MDRR)
CIK:        0001654595
Form:       8-K
Filed at:   2025-07-18T23:59:59+00:00
Accession:  0001558370-25-009301
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1654595/000155837025009301/0001558370-25-009301-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1654595/000155837025009301/mdrr-20250718x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-009301

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer