GENERATION INCOME PROPERTIES, INC. 8-K

What Happened
Generation Income Properties, Inc. (through two indirect subsidiaries, LMB Auburn Hills I, LLC and LMB Lewiston, LLC) announced on May 1, 2026 that it entered into a Commercial Business Loan Agreement with Hancock Whitney Bank for a $3,800,000 term loan to refinance existing mortgage indebtedness on two previously financed properties. The loan carries a fixed interest rate of 5.70% and is evidenced by a Commercial Term Note; monthly principal and interest installments of $23,986.17 begin June 1, 2026, with final payment due May 1, 2031. The loan is secured by first-priority mortgages/deeds of trust and assignments of rents on the two collateral properties.

Key Details

• Principal: $3,800,000 term loan dated May 1, 2026 (used to refinance prior mortgages).
• Rate & payments: fixed 5.70% interest; monthly P&I of $23,986.17 starting June 1, 2026; final maturity May 1, 2031; initial payment based on a 25‑year amortization; prepayment allowed without penalty.
• Collateral & locations: first-priority mortgage on 3815 S. Orlando Drive, Sanford, FL 32773 and first-priority deed of trust on 5780 E. Waterlevel Hwy, Cleveland, TN 37323 (each with assignment of rents/leases).
• Covenants & guarantees: annual minimum debt service coverage ratio of 1.15:1 for the two properties; the loan is guaranteed by Generation Income Properties, Inc. and two related LLCs.

Why It Matters
This filing creates a new, secured financial obligation for the company and its subsidiaries and imposes an ongoing debt service requirement of roughly $24,000 per month. Because the company and two subsidiaries provided continuing guaranties and the loan includes a DSCR covenant (1.15:1 annually), investors should note this adds leverage tied to the performance of the two collateral properties and introduces covenant compliance that could require remediation if net operating income declines. The company filed the 8-K on May 22, 2026 disclosing these material loan terms.