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.

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