MacKenzie Realty Capital, Inc. 8-K

What Happened

• MacKenzie Realty Capital, Inc. (MKZR) filed an 8-K disclosing that it issued a secured promissory note on January 15, 2026 for $1,635,000 (Secured Note #3) to Streeterville Capital, LLC under a Note Purchase Agreement originally entered June 11, 2025. Together with a prior secured note issued August 1, 2025 for $545,000 (Secured Note #2), the aggregate principal outstanding under these notes is $2,180,000. Both notes were issued to fund purchases of non‑traded REIT securities made pursuant to a tender offer.
• Each note is secured and carries original issue discounts (OID): $45,000 for Secured Note #2 and $135,000 for Secured Note #3. Repayment of principal plus any interest, fees and late charges is due 18 months after the applicable Purchase Price Date.

Key Details

• Investor: Streeterville Capital, LLC; Note Purchase Agreement dated June 11, 2025 (maximum aggregate commitment up to $3,270,000).
• Secured Note #2: issued Aug 1, 2025 — $545,000 principal, $45,000 OID.
• Secured Note #3: issued Jan 15, 2026 — $1,635,000 principal, $135,000 OID.
• Maturity/repayment: principal and accrued interest/fees due 18 months after each note’s Purchase Price Date.
• Company notes that Secured Note #2 alone was individually immaterial, but the two notes in aggregate are material.

Why It Matters

• These issuances create a material secured debt obligation for MKZR (aggregate $2.18M) and affect the company’s near‑term cash flow obligations because principal plus interest/fees are due within 18 months of the Purchase Price Dates.
• The notes were issued to finance purchases of non‑traded REIT securities, which may affect the company’s investment portfolio and liquidity profile. Investors should note the secured nature of the notes and the OID amounts when assessing leverage and interest expense impact.
• Full note texts are filed as exhibits to the 8‑K for detailed terms.