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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): September 25, 2026 
 

CNL STRATEGIC RESIDENTIAL CREDIT, INC.

 

(Exact name of registrant as specified in its charter)

 

 

 

CNL Center at City Commons

450 South Orange Avenue

Orlando, Florida 32801

(Address of Principal Executive Offices; Zip Code)

 

Registrant’s telephone number, including area code: (407) 650-1000

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

 

Securities registered pursuant to Section 12(b) of the Act:

 

 

Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

Item 8.01 Other Events. 

 

Determination of Net Asset Value for Outstanding Shares for the month ended August 31, 2026

 

On September 25, 2026, the board of directors (the “Board”) of CNL Strategic Residential Credit, Inc. (the “Company”) determined the Company’s net asset value per share for each share class in a manner consistent with the Company’s valuation policy. This table provides the Company’s aggregate net asset value and net asset value per share for its Class FA and Class E shares as of August 31, 2026 (in thousands, except per share data):

 

 

Offering Price Adjustment

 

On September 25, 2026, the Company’s Board approved the new per share offering price for each share class in the Company’s private offering. As of August 31, 2026, the Company had not sold any Class A, Class T or Class I shares. The new per share offering prices for the Company's Class A, Class T and Class I shares are based on the Company's aggregate net asset value per share as of August 31, 2026 and are adjusted for applicable upfront selling commissions and dealer manager fees. The new offering prices will be used for the Company’s next monthly closing for subscriptions on September 30, 2026. The purchase price for shares purchased under our distribution reinvestment plan will be equal to the net asset value per share for each share class as of August 31, 2026. A subscriber may also obtain this information by calling us by telephone at (866) 650-0650. The following table provides the new offering prices and applicable upfront selling commissions and dealer manager fees, if any, for each share class available in the Company’s current private offering:

 

 

Declaration of Distributions

 

On September 25, 2026, the Company’s Board declared a distribution on outstanding shares of our Class E common stock and Class FA common stock. For additional information regarding sources of distributions, please see the annual and quarterly reports the Company files with the Securities and Exchange Commission. The declared cash distributions on the outstanding shares of our common stock are based on a monthly record date, as set forth below:

 

 

Investment Activity 

 

As of August 31, 2026, the Company held investments in 247 residential mortgage whole loans (the “Loans”) with an approximate value of $80.8 million and investments in the preferred equity of entities that acquire residential mortgage servicing rights (the “MSRs”) interests with an approximate value of $9.3 million. As of August 31, 2026, the Company had total assets of approximately $100.1 million, including the Loans, the MSRs and other assets.

 

Organization and Offering Expenses Reimbursement Waiver

 

In order to maximize cash available for investment during the launch of the Company, the Company’s Advisors have provided written notice to the Company of their agreement to waive reimbursement of all organizational and offering expenses on capital raised during the period from February 1, 2026 through December 31, 2026 to which they are otherwise entitled under their respective Investment Advisory and Investment Sub-Advisory Agreements. Accordingly, the Company will not incur charges from the Advisors for organization and offering expenses on capital raised during the period from February 1, 2026 through December 31, 2026, but may be reimbursable to the Advisors on capital raised after December 31, 2026.

 

 

Cautionary Note Regarding Forward-Looking Statements

 

Statements in this Current Report on Form 8-K, including intentions, beliefs, expectations or projections relating to the items described herein, are forward-looking statements within the meaning of Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on the beliefs and assumptions of the Company’s management and on the information currently available to management at the time of such statements. Forward-looking statements generally can be identified by the words “believes,” “expects,” “intends,” “plans,” “will,” “estimates” or similar expressions that indicate future events. Forward-looking statements are subject to substantial risks and uncertainties, many of which are difficult to predict and are generally beyond the Company’s control. Any forward-looking statement made by us in this Current Report is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. Important risks, uncertainties and factors that could cause actual results to differ materially from those in the forward-looking statements include the risks associated with the Company’s ability to pay distributions and the sources of such distribution payments, the Company’s ability to locate and make suitable investments, the economy and the broader financial markets, which may have a significant negative impact on the Company's (and its businesses) financial condition, results of operations, cash flows and net asset value per share and other risks described in the Company’s reports and the other documents filed by the Company with the Securities and Exchange Commission.

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.