Global Asset Management Group, Inc. 8-K

What Happened

• Global Asset Management Group, Inc. (OTC: GAMG) filed an 8-K (March 24, 2026) reporting that on March 18, 2026 it completed agreements to establish a strategic financing relationship with Leonite Fund I, LP.
• Under the agreements, Leonite will provide GAMG initial access to a senior secured convertible note facility of $10 million, funded in tranches for real estate acquisitions and general working capital. The facility includes defined maturity and interest terms, conversion features for equity participation, prepayment flexibility, and asset-specific senior secured positioning.

Key Details

• Amount: initial $10 million senior secured convertible note facility, to be funded in tranches.
• Use of proceeds: intended as equity for acquiring income-producing multifamily real estate and for general working capital; later tranches earmarked for additional property acquisitions.
• Structure features: senior secured lien tied to specific assets, staged funding, conversion rights aligned with long-term equity participation, and prepayment flexibility.
• Management view: the financing is meant to provide institutional capital, reinforce asset-backed growth discipline, and complement recent initiatives (D.C. portfolio expansion, in-house asset management, governance and capital markets enhancements).

Why It Matters

• The facility gives GAMG access to institutional, structured capital earmarked for income-producing real estate, which can accelerate property acquisitions without relying solely on public equity or unsecured debt.
• Staged, asset-backed funding and senior secured positioning can help maintain capital-structure discipline, but conversion features mean investors should be aware of potential equity dilution if and when conversion occurs.
• Full terms of the agreements are included in the filing’s exhibits; investors seeking detailed legal or financial terms should review those documents.