On March 25, 2025, MacKenzie Realty Capital, Inc. entered into a Forbearance Agreement with First Northern Bank regarding a $16.6 million loan for its Main Street West property, which is in default, and made a $5 million payment to avoid foreclosure, leaving a balance of approximately $10.4 million. Additionally, the company refinanced a separate $17 million construction loan for its Hollywood property to a new $11.66 million loan at a lower interest rate, expected to increase annual cash flow by over $900,000.