Medalist Diversified, Inc. (MDRR) Form 8-K — Oct 13, 2026
$MDRRForm 8-KItems 1.01, 2.03, 9.01Filed Oct 13, 2026, 4:06 PM ET0001104659-26-115493Original filing
Medalist Diversified's joint venture with Spandrel Development Partners closed a $13.8 million construction loan on October 9, 2026 to finance a multifamily townhome project in Savannah, Georgia.
Key figures
- Debt Amount
- 13800000
- Interest Rate
- 11.5% floor or WSJ Prime + 4.75%, whichever greater
- Maturity Date
- October 9, 2027 (with up to three extension periods)
- Initial funding
- 5050000
- Construction reserve
- 8750000
- Neuman common equity
- 11%
- Company jv commitment
- 4000000
- Spandrel common equity
- 37%
- Kavanaugh common equity
- 11%
- Minimum interest obligation
- 940000
- Reimbursement interest rate
- 18% per annum
- Company preferred equity interest
- approximately 42%
AI analysis
Red flags5 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.