AFC Gamma, Inc. Provides Senior Secured Credit Facility to Women-Owned Grön Edibles
May 23, 2024 at 05:30 pm IST
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AFC Gamma, Inc. announced that it has provided a senior secured credit facility to Grön Holdings Inc. (Grön or Grön Edibles) . Grön intends to use the proceeds from the new credit facility to expand its business into new states. AFC Gamma will hold the entire credit facility, which consists of a first-lien term loan secured by all assets of Grön. AFC Agent LLC served as agent for this transaction.
SSC Advisors acted as Financial Advisor to Grön Holdings with respect to this transaction.
AFC Gamma, Inc. is an institutional lender to the commercial real estate sector. The Company primarily originates, structures, underwrites, invests in and manages senior secured loans and other types of commercial real estate loans and debt securities, with a specialization in loans to cannabis industry operators in states that have legalized medical and/or adult-use cannabis. The Companyâs objective is to provide attractive risk-adjusted returns over time through cash distributions and capital appreciation primarily by providing loans to real estate developers and state-law compliant cannabis companies. The loans it originates are primarily structured as senior loans secured by real estate, equipment, value associated with licenses (where applicable) and/or other assets of the loan parties to the extent permitted by applicable laws and the regulations governing such loan parties. The Company targets investing strategically across multiple real estate sectors.
AFC GAMMA, INC. 
