Medalist Diversified operating partnership guarantees USD 13.8 million construction loan for Savannah multifamily project

Medalist Diversified’s operating partnership guaranteed a USD 13.8 million construction loan tied to a Savannah, Georgia multifamily townhome development. Loan closed Oct. 9, 2026 with GLP 2505 as lender; initial advance USD 5.05 million with USD 8.75 million held in construction reserves. Pricing set at a floating rate of at least 11.5%, or WSJ prime plus 4.75%; maturity Oct. 9, 2027 with up to three extensions. Borrower can prepay only in full, subject to a USD 940,000 minimum interest requirement during the initial term. Operating partnership also signed a completion guaranty and environmental indemnity; a contribution agreement allocates guaranty losses with Spandrel’s fund. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Medalist Diversified Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exch