AFC Gamma, a real estate investment trust (REIT), has set up or expanded credit facilities totaling more than $18 million for three cannabis companies.
The West Palm, Florida-based REIT will hold the entire credit facilities for the three cannabis companies, which are based in Georgia, Missouri and Florida.
ADVERTISEMENT
Each facility consists of a first-lien term loan secured by all assets of the respective borrower.
AFC Gamma did not reveal the interest rates.
Georgia company leads with $11 million
The REIT “committed $11 million, including $4.3 million funded at closing, in a senior secured credit facility to Private Company Q,” which holds a Class 2 medical cannabis license in Georgia, according to a Monday news release from AFC Gamma.
Four companies in Georgia currently
Read full article on Marijuana Business Daily
