INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR): debt financing — IIPR subsidiaries secure $22.9M in secured term loans from Amalgamated Bank

INNOVATIVE INDUSTRIAL PROPERTIES INC

Two IIP subsidiaries entered loan agreements with Amalgamated Bank for $22.9M aggregate: $10.5M (MA) and $12.4M (PA).
Loans bear fixed interest at 6.67% per annum, 25-year amortization, maturing June 5, 2031.
Loans secured by first-priority liens on the applicable properties; parent Innovative Industrial Properties issued guaranty.
Monthly debt service payments start July 5, 2026; prepayment premium declines from 5% to 1% over five years.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

INNOVATIVE INDUSTRIAL PROPERTIES INC incurred guarantee of $10,500,000 with Amalgamated Bank maturing June 5, 2031.

Instrument: guarantee
Principal: $10,500,000
Counterparty: Amalgamated Bank
Maturity: June 5, 2031
Event: incurrence

Exact text from the filing

together with the MA Loan Agreement the “Loan Agreements”), providing for an aggregate of $22,900,000 in secured term loans. Pursuant to the MA Loan Agreement, the Lender made a $10,500,000 secured term loan to IIP-MA 7 LLC (the “MA Loan”), as evidenced by a promissory note issued by IIP-MA 7 LLC in favor of the Lender (the “MA Note”). Pursuant to the PA Loan

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

INNOVATIVE INDUSTRIAL PROPERTIES INC incurred guarantee of $12,400,000 with Amalgamated Bank maturing June 5, 2031.

Instrument: guarantee
Principal: $12,400,000
Counterparty: Amalgamated Bank
Maturity: June 5, 2031
Event: incurrence

Exact text from the filing

7 LLC (the “MA Loan”), as evidenced by a promissory note issued by IIP-MA 7 LLC in favor of the Lender (the “MA Note”). Pursuant to the PA Loan Agreement, the Lender made a $12,400,000 secured term loan to IIP-PA 6 LLC (the “PA Loan”), as evidenced by a promissory note issued by IIP-PA 6 LLC in favor of the Lender (the “PA Note” and, together with the MA Note,

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4 debt financings filed in the last 30 days. Browse all debt financings →

INNOVATIVE INDUSTRIAL PROPERTIES INC filing history →

Source: SEC EDGAR

accession 0001104659-26-063383

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