Core Viewpoint - RenX Enterprises, Inc. has restructured approximately $7.0 million of its outstanding secured note related to its Lago Vista, Texas property, aiming to reduce interest expenses and transition towards an operating model focused on Resource Group [1][4]. Financial Restructuring - The restructuring involves transferring the title of the Lago Vista property to the lender, who will conditionally extinguish $5.0 million of the secured note, contingent upon the sale of the property [1][3]. - The transaction is expected to reduce future interest expenses by approximately $850,000 and improve the overall debt profile of the company [3][4]. Asset Management - $2.0 million of the remaining note balance is secured against the Durant, Oklahoma property, which the company plans to actively market for sale in 2026 [2]. - The company has pledged its ownership interest in Norman Berry II as alternative collateral for the loan [2]. Strategic Focus - The transaction aligns with the company's strategy to transition from a legacy real estate-heavy balance sheet to a streamlined platform focused on operational performance and scalable growth through Resource Group [4][9]. - The company continues to evaluate opportunities to monetize or restructure remaining real estate assets to enhance liquidity and reduce leverage [4][9]. Future Outlook - The company believes that this restructuring, along with ongoing efforts at Resource Group, positions it for a more focused and operationally driven future with improved financial flexibility [4][9].