Company: GIPRW
Filing Date: 2025-06-20
Form Type: 8-K
Source: 0000950170-25-088517
Chunk: 2

Company: GENERATION INCOME PROPERTIES, INC.
Filing Date: 2025-06-20
Form: 8-K
Item: Item 2.03
Chunk 2
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The Loan Agreement contains customary representations, covenants, and events of default, including financial reporting obligations and a requirement to maintain a minimum debt service coverage ratio (DSCR) of at least 1.50:1.00, tested quarterly on a trailing twelve-month basis.

In connection with the Loan, David E. Sobelman, Executive Chairman of the Company, entered into a Guaranty of Nonrecourse Carveout Obligations (the “ Guaranty Agreement”), pursuant to which he unconditionally guaranteed certain nonrecourse carveout obligations of the Borrower to the Lender.

The foregoing summaries of the terms and conditions of the Loan Agreement, the Note and the Guaranty Agreement do not purport to be complete and are qualified in their entirety by reference to the full text of such agreements, which are attached as exhibits hereto and incorporated herein by reference.

  Exhibit      Description                                                                                                              
                                                                                                                                        
      No.                                                                                                                               
     10.1      Loan Agreement, dated June 13, 2025, between GIPDC 3707 14 th St, LLC, as borrower and Valley National Bank, as lender.  
     10.2      Promissory Note, dated June 13, 2025, between GIPDC 3606 14 th St, LLC, as borrower and Valley National Bank as lender.  
     10.3      Guaranty Agreement, dated June 13, 2025, between David E. Sobelman, as guarantor, and Valley National Bank.              
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      104      Cover Page Interactive Data File (embedded within the Inline XBRL document)                                              

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

                           GENERATION INCOME PROPERTIES, INC.                                                
  Date: June 20, 2025      By:                                     /s/ Ron Cook                              
                                                                   Ron Cook                                  
                                                                   Principal Finance and Accounting Officer