Zoned Properties: Chino Property Sale Closes; Amendment Allows Lender Financing

What Happened

• Zoned Properties, Inc. (through its wholly owned subsidiary Chino Valley Properties, LLC) filed an 8-K disclosing that the sale of the Chino Property closed on September 2, 2026.
• On September 2, 2026, Chino Valley and 2148 Chino LLC executed a Second Amendment to the Real Estate Purchase and Sale Agreement (originally dated April 20, 2026; first amended August 12, 2026). The Second Amendment allows 2148 Chino to obtain financing from a lender that is not Chino Valley.

Key Details

• Closing date: September 2, 2026.
• Parties: Chino Valley Properties, LLC (Zoned subsidiary) and 2148 Chino LLC.
• Amendment effect: Permits the buyer (2148 Chino) to secure third‑party financing; the purchase price allocation may be subject to a promissory note or deed of trust in favor of that lender.
• The Second Amendment is filed as Exhibit 10.1 to the Form 8-K.

Why It Matters

• The company completed the sale of a real estate asset, which is a material transaction for investors to note.
• Allowing the buyer to use third‑party financing means proceeds may be structured with lender security (promissory note or deed of trust) rather than paid entirely in cash upfront, which can affect the timing and form of the company’s receipt of sale proceeds.
• Investors should watch for follow‑up disclosures (e.g., financial statements or notes) that detail the sale proceeds, any retained liens or financing arrangements, and how the transaction affects Zoned’s liquidity and financial position.