Mobile Infrastructure Extends Credit Facility Maturity
The parking REIT pushed its loan deadline to June 2026 through a related-party amendment with Harvest Small Cap Partners.
March 26, 2026
Mobile Infrastructure Corporation, the Cincinnati-based parking real estate investment trust trading under the ticker BEEP on Nasdaq, took two notable corporate actions on March 24, 2026, according to a disclosure filed with the Securities and Exchange Commission.
Credit Agreement Extended a Third Time
The company executed a third amendment to its existing credit agreement with Harvest Small Cap Partners, L.P. and Harvest Small Cap Partners Master, Ltd. The amendment extends the maturity date of the credit facility from March 31, 2026 to June 30, 2026, giving the company an additional three months before the obligation comes due.
The original credit agreement dates back to September 2024 and has been amended twice previously — first in September 2025 and again in December 2025. This latest extension marks the third modification in roughly 18 months, a pattern that suggests the company continues to work through its financing arrangements on a rolling basis.
Notably, the transaction qualifies as a related-party deal. Jeffrey Osher, who serves as co-chair of Mobile Infrastructure’s board of directors, is also the managing member of No Street Capital LLC. That firm acts as the investment manager for both Harvest entities that are parties to the credit agreement. The company acknowledged this relationship constitutes a related-party transaction under SEC disclosure rules.
Preferred Stock Dividends Declared
In a separate action on the same day, the board authorized monthly dividend payments on two classes of preferred stock. Holders of Series A Preferred Stock will receive a payment of approximately $4.79 per share, while holders of Series 1 Preferred Stock will receive approximately $4.58 per share. Both payments are expected to be distributed on or around April 13, 2026.
The record dates differ slightly between the two series. Series A holders must be on the books as of March 29, 2026, while Series 1 holders had a record date of March 24, 2026. The company noted that any future dividend declarations remain at the board’s discretion and will depend on financial conditions and other relevant factors.
Mobile Infrastructure is classified as an emerging growth company. The disclosure was signed by Chief Executive Officer and President Stephanie Hogue on March 25, 2026.
