Generation Income Properties extends $5.5 million secured note with Brown Family Enterprises to October 2027
GIPR•Generation Income Properties extended the note’s maturity to Oct. 14, 2027. The note carries a fixed 9% simple interest rate payable monthly, and outstanding principal was $5.2 million as of Sept. 28, 2026.
1. Note maturity extended
Generation Income Properties amended its secured promissory note with Brown Family Enterprises, extending maturity to Oct. 14, 2027. The note retains a fixed 9% simple interest rate, payable monthly, with other payment terms unchanged. Outstanding principal was $5.2 million as of Sept. 28, 2026, after a $300,000 principal payment on July 6, 2026. The amendment does not capitalize accrued interest or increase indebtedness, and the lender confirmed there was no default under the note.
