Core Viewpoint - MacKenzie Realty Capital, Inc. successfully refinanced the Main Street West property in Napa, CA, with a loan of approximately $9.5 million at a 7.5% interest rate for a term of 3 years, indicating strong lender interest in well-located commercial properties despite market challenges [1][2]. Company Overview - MacKenzie Realty Capital, founded in 2013, is a West Coast-focused REIT that aims to invest at least 80% of its total assets in real property, with a portfolio split of approximately 50% multifamily and 50% boutique class A office properties [3]. - The company has consistently paid dividends every year since its inception and currently holds interests in 4 multifamily properties and 8 office properties, along with 2 multifamily developments [3]. Financing and Market Position - The refinancing of the Main Street West property highlights the importance of long-term lending relationships and the proactive management of the company's balance sheet [2]. - The CEO emphasized that there remains lender appetite for well-located properties in solid markets, showcasing the company's ability to navigate complex financing transactions [2].

Group 1 - West Coast Community Bancorp will change its ticker symbol to WCCB on the OTCQX effective May 8, 2025, replacing the current symbol SCZC [1][3] - The ticker symbol change is part of the brand transition to West Coast Community Bank, which reflects the bank's commitment to serving various counties and future expansion opportunities [2] - Current shareholders do not need to take any action regarding the ticker symbol change, and the common stock will continue to be listed on the OTCQX with an unchanged CUSIP number [3] Group 2 - West Coast Community Bank, founded in 2004, is a wholly owned subsidiary of West Coast Community Bancorp and operates as a full-service community bank in Santa Cruz, California [4] - The bank distinguishes itself from larger banks through relationship-based service and direct access to decision-makers, and it is a leading SBA lender in Santa Cruz County and Silicon Valley [4] - West Coast Community Bank offers a range of competitive deposit and lending solutions, including business loans, commercial real estate financing, and various government-guaranteed loans, while actively supporting local nonprofit organizations [4]

Core Points - West Coast Community Bancorp has announced a new share repurchase program, allowing for the repurchase of up to $10 million of common stock [1][2] - The program is set to expire on June 30, 2026, and the timing and price of repurchases will depend on various factors including market conditions and regulatory requirements [2][3] - The Chairman of the Board expressed confidence in the company's balance sheet and long-term value, emphasizing the strategic use of capital to enhance shareholder value [3] Company Overview - West Coast Community Bank, founded in 2004, is a full-service community bank headquartered in Santa Cruz, California, with multiple branches across the region [4] - The bank distinguishes itself from larger banks through relationship-based service and is a leading SBA lender in Santa Cruz County and Silicon Valley [4] - The bank offers a range of competitive deposit and lending solutions, including business loans, credit lines, and various government-guaranteed loans [4]