East West Bank Arranges $60MM Revolver for AFC Gamma

AFC Gamma entered into a senior secured revolving credit facility with $60 million of current commitments from two FDIC-insured banks. According to an 8K filed with the SEC, East West Bank is one of the banks and is serving as lead arranger, bookrunner and agent for the facility. 

May 4, 2022 AFC Gamma | Brett Kaufman | Leonard Tannenbaum Ian Koplin

AFC Gamma Provides $82.5MM Senior Secured Credit Facility to Bloom Medicinals

AFC Gamma provided a senior secured credit facility of up to $82.5 million to Bloom Medicinals Holding Company and certain of its affiliates, a privately held multi-state cannabis operator.

April 22, 2022 AFC Gamma | Bloom Medicinals Holding Company | Leonard M. Tannenbaum | Nicole Stark Ian Koplin

AFC Gamma Expands Credit Facilities for Existing Borrowers

AFC Gamma expanded its senior credit facilities with three different borrowers, including Verano Holdings, Vedi Holdings and Natrabis.

March 8, 2022 AFC Gamma | Devi Holdings | Leonard M. Tannenbaum | Natrabis | Verano Holdings Ian Koplin

Chicago Atlantic and AFC Gamma Upsize Verano’s Credit Facility

Verano Holdings entered into an amendment to its existing credit agreement for additional funding of $120 million with an 18-month maturity. Chicago Atlantic Advisors is the lead administrative agent and collateral agent for the facility, with AFC Gamma also funding $50 million of the $120 million tranche.

October 21, 2021 AFC Gamma | George Archos | John Mazarakis | Leonard M. Tannenbaum | Verano Holdings Ian Koplin

AFC Gamma Provides $23MM Credit Facility to BeLeaf Medical

AFC Gamma provided a credit facility of $23 million to BeLeaf Medical, a single-state Missouri operator. The credit facility is designed to provide BeLeaf with the capital necessary to expand its three Missouri cultivation facilities.

September 1, 2021 AFC Gamma | AFC Management | BeLeaf Medical | Kevin Riggs | Leonard M. Tannenbaum | Tom Muzzey Ian Koplin

AFC Gamma Provides $15.5MM Senior Secured Credit Facility to Evermore Cannabis Company

AFC Gamma, a commercial real estate finance company that provides loans to operators in the cannabis industry, provided a credit facility of $15.5 million to The Evermore Cannabis Company, a vertically integrated Maryland operator.

July 19, 2021 AFC Gamma | AFC Management | Craig Schulman | Greenvision | Leonard M. Tannenbaum Ian Koplin

AFC Gamma Provides $22MM Credit Facility to Justice Cannabis for NJ Expansion

AFC Gamma provided a credit facility of $22 million to Justice Cannabis, a Chicago-based, multi-state operator with licenses in eight states.

May 10, 2021 AFC Gamma | Jon Loevy | Justice Cannabis | Leonard M. Tannenbaum Ian Koplin

AFC Provides $22MM Credit Facility to Organic Remedies

AFC Management affiliate AFC Gamma funded a $22 million credit facility for Organic Remedies, a Pennsylvania-based cultivator and retailer of medical cannabis.

November 11, 2020 AFC Gamma | Leonard M. Tannenbaum | Mark Toigo | Organic Remedies Ellie Delany