# Stewards, Inc. (SWRD) — capital_raise/private_placement [announced]
Source: SEC API (secapi.ai) · situation sit_b32133f291cf7ba4480a · retrieved 2026-08-11T16:04:52.017Z

## Overview
Stewards, Inc. is a Nevada corporation engaged in real estate investment and financing, owning and operating the Block 40 / 1818 Park multifamily property (273 units) in Hollywood, Florida.

On July 24, 2026, Stewards, Inc. subsidiaries closed a $69.0 million senior secured loan and a $10.0 million mezzanine loan to refinance the Block 40 / 1818 Park multifamily property in Hollywood, Florida. The senior loan from VMC CRE Master Lending Upper REIT LLC carries interest at Term SOFR plus 350 basis points (subject to reduction to 300 basis points after a margin change date), with an original maturity of August 7, 2028 and three successive one-year extension options. The mezzanine loan from 1818 Mezz Lender LLC carries interest at Term SOFR plus 12.00% (floor 14.50%), with the same maturity and extension terms. On or about July 27, 2026, the Company also closed a $5.0 million secured convertible note financing with three accredited investors, with 15% annual interest, 180-day maturity, and automatic conversion at $3.00 per share, along with warrants to purchase 1,666,665 shares at $3.00 per share for five years.

## Terms
- Counterparty: VMC CRE Master Lending Upper REIT LLC; 1818 Mezz Lender LLC; three accredited investors · Deal value: $84.0M · Consideration: mixed

## Key dates
- Announced 2026-07-30

## Timeline
- 2026-07-30 · 8-K (0001663577-26-000236): 8-K - Stewards, Inc. — *Stewards, Inc. is a Nevada corporation engaged in real estate investment and financing, owning and operating the Block 40 / 1818 Park multifamily property (273 units) in Hollywood, Florida.* On July 24, 2026, Stewards, Inc. subsidiaries closed a $69.0 million senior secured loan and a $10.0 million mezzanine loan to refinance the Block 40 / 1818 Park multifamily property in Hollywood, Florida. The senior loan from VMC CRE Master Lending Upper REIT LLC carries interest at Term SOFR plus 350 basis points (subject to reduction to 300 basis points after a margin change date), with an original maturity of August 7, 2028 and three successive one-year extension options. The mezzanine loan from 1818 Mezz Lender LLC carries interest at Term SOFR plus 12.00% (floor 14.50%), with the same maturity and extension terms. On or about July 27, 2026, the Company also closed a $5.0 million secured convertible note financing with three accredited investors, with 15% annual interest, 180-day maturity, and automatic conversion at $3.00 per share, along with warrants to purchase 1,666,665 shares at $3.00 per share for five years.
  https://www.sec.gov/Archives/edgar/data/1795851/0001663577-26-000236.txt

## Citations
- 0001663577-26-000236 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000166357726000236