Generation Income Properties, Inc., through its indirect subsidiary GIPDC 3707 14th St, LLC, has secured a mortgage loan agreement with Valley National Bank. The agreement, effective June 13, 2025, involves a loan of $1.1 million, secured by a first-priority Deed of Trust on a single-tenant property in Washington, D.C. The loan carries a fixed interest rate of 6.50% per annum. A notable condition is the potential automatic extension of the loan's maturity date to June 13, 2030, contingent upon specific lease renewal requirements by March 31, 2026. In connection with this financing, David E. Sobelman, Executive Chairman of Generation Income Properties, Inc., has entered into a Guaranty Agreement, ensuring certain nonrecourse carveout obligations to the lender.
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