8-K - MacKenzie Realty Capital, Inc. | StockGist

AI Analysis

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MacKenzie Realty Capital, Inc. entered into a Note Purchase Agreement with Streeterville Capital, LLC on March 6, 2026, issuing secured promissory notes with aggregate principal of $1,095,000 for net proceeds of $1,000,000 used to purchase CNL Healthcare Properties, Inc. REIT shares. The notes carry 9% interest, mature in 18 months, and are secured by subsidiary assets and stock pledge.

Key Takeaways

1Entered Note Purchase Agreement with Streeterville Capital, LLC on 2026-03-06

2Secured notes principal $1,095,000; net funding $1,000,000 after $90,000 OID and $5,000 expenses

39% per annum interest; maturity 18 months from Purchase Price Date

4Secured by Security Agreement, Guaranty, and Stock Pledge from MRC QRS, Inc.

5Use of proceeds: purchase CNL Healthcare Properties, Inc. shares at $4.55 per share

6Prepayment premium 107% within 90 days; monthly interest payments start month 1, principal + interest $91,250 monthly from month 6

Current Report Details

Event Type

Material Agreement

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

Entry into a Material Definitive Agreement. Note Purchase Agreement On March 6, 2026, MacKenzie Realty Capital, Inc. (the “Company”) entered into a Note Purchas

Material Agreement

2.03

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The disclosure set forth under Item 1.01 of t

Financing

7.01

Regulation FD Disclosure. On March 6, 2026 , the Company issued a press release announcing the transaction described above. A copy of that press release is furn

Regulation Fd

9.01

Financial Statements and Exhibits. (d) Exhibits 10.1 Note Purchase Agreement dated March 6, 2026 by and between the Company and Streeterville Capital, LLC 10.2

Exhibits Only

Transaction Details

Material Agreement

Agreement: Note Purchase Agreement
Parties: MacKenzie Realty Capital, Inc., Streeterville Capital, LLC

•Aggregate principal up to $1,095,000
•Initial Purchase Price $1,000,000
•OID $90,000
•Transaction Expense Amount $5,000
•Secured by Security Agreement, Guaranty, Stock Pledge Agreement from MRC QRS, Inc.
•Prepayment: 107% within 90 days, 100% after
•Monitoring Fee on 90-day anniversary
•Interest payments monthly starting month 1 for 5 months; $91,250 + interest from month 6
•Maturity 18 months
•Trigger Events with penalties up to 15% for Major, 5% for Minor

Debt / Financing

Instrument: Secured Promissory Note
Principal: 1095000
Rate: 9% per annum
Maturity: 18 months from Purchase Price Date
Use of Proceeds: Purchase of CNL Healthcare Properties, Inc. REIT shares

Exhibits (7)

10.1

NOTE PURCHASE AGREEMENT DATED MARCH 6, 2026 BY AND BETWEEN THE COMPANY AND STREETERVILLE CAPITAL, LLC

10.2

SECURED PROMISSORY NOTE DATED MARCH 6, 2026 ISSUED BY THE COMPANY IN FAVOR OF STREETERVILLE CAPITAL, LLC

10.3

SECURITY AGREEMENT DATED MARCH 6, 2026 BY MRC QRS, INC. IN FAVOR OF STREETERVILLE CAPITAL, LLC

10.4

GUARANTY DATED MARCH 6, 2026 BY MRC QRS, INC. FOR THE BENEFIT OF STREETERVILLE CAPITAL, LLC

10.5

STOCK PLEDGE AGREEMENT DATED MARCH 6, 2026 BY AND BETWEEN THE COMPANY AND STREETERVILLE CAPITAL, LLC

8-K

FORM 8K

99.1

PRESS RELEASE ISSUED MARCH 6, 2026