**MacKenzie Realty Capital, Inc. Enters Line of Credit Agreement with Patterson Real Estate Services, LP** **

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MacKenzie Realty Capital, Inc. (NASDAQ: MKZR) has recently entered into a significant financial agreement. According to a Form 8-K filed with the U.S. Securities and Exchange Commission on January 22, 2025, MacKenzie Realty Capital, Inc. entered into a line of credit agreement with Patterson Real Estate Services, LP (PRES), an affiliate of the company’s real estate adviser.

The newly established line of credit allows MacKenzie Realty Capital, Inc. to borrow up to $10,000,000 in maximum principal balance. The borrowed amount will accrue interest at an annual rate of 10%. Each draw made on the line of credit will be subject to a 2% origination fee payable to PRES, which will be added to the outstanding balance along with the applicable advance. The agreement comes with a maturity date set for June 1, 2026, and includes customary events of default terms.

The decision to enter into this financial arrangement was thoroughly considered by the company’s Board of Directors, which includes all independent directors. The approval took into account various factors, such as market alternatives, the affiliation of PRES with the company’s adviser, and the potential benefits to shareholders by utilizing the line of credit.

For further details on the line of credit agreement, interested parties are encouraged to review the full text of the agreement, which has been filed as Exhibit 10.1 to the Current Report on Form 8-K submitted to the SEC.

In conjunction with this filing, MacKenzie Realty Capital, Inc. disclosed that it has not altered its financial accounting standards pursuant to Section 13(a) of the Exchange Act.

Investors and stakeholders are urged to review the complete Form 8-K filing on the SEC’s website for more comprehensive information regarding this recent development in MacKenzie Realty Capital, Inc.’s financial operations.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read MacKenzie Realty Capital’s 8K filing here.

About MacKenzie Realty Capital

MacKenzie Realty Capital Inc is a REIT which focused on investing in multifamily housing and office real estate properties located principally in the United States. MacKenzie Realty Capital Inc is based in ORINDA, Calif.