AFC Gamma has committed and funded $41 million to a senior secured credit facility to Story of Maryland, a leading, vertically integrated operator in Maryland. Story MD intends to use the proceeds from the credit facility to refinance existing debt and provide working capital. Advanced Flower Capital holds the entire credit facility for Story MD, which consists of a first-lien term loan secured by the borrower’s real property and the value of its cannabis licenses and operations in Maryland. AFC Agent LLC serves as the agent for this transaction.
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