CNL Strategic Residential Credit Amends Loan Agreement with Valley National Bank, Adds $5M Non-Formula Revolving Line

CNL Strategic Residential Credit, Inc.

Valley National Bank and CNL Strategic Residential Credit entered a First Amendment on May 22, 2026, adding a $5M Non-Formula Revolving Line to satisfy liquidity covenants under repurchase agreements.
The Board determined net asset value per share as of April 30, 2026: Class E $25.23, Class FA $24.92, with total NAV of $25.55M.
Distributions declared of $0.166667 per share for Class E and Class FA, payable June 29, 2026.
From Jan 14 to May 22, 2026, the Company invested $9.2M in preferred equity for MSR interests and purchased 135 residential mortgage whole loans for $45.2M.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CNL Strategic Residential Credit, Inc. amended First Amendment with Valley National Bank valued at $15 million (effective 2026-05-22).

Action: amendment
Agreement: credit facility
Counterparty: Valley National Bank
Value: $15 million
Effective: 2026-05-22

Exact text from the filing

On May 22, 2026, CNL Strategic Residential Credit, Inc. (the “Company”) and Valley National Bank, a Tennessee banking corporation, (referred to as “Valley National Bank”) entered into a First Amendment (“First Amendment”) to the Loan and Security Agreement (the “Loan Agreement”) previously entered into by such parties for a fifteen million dollar ($15 million) revolving line of credit (the “Line of Credit”).

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Source: SEC EDGAR

accession 0001999371-26-011457

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