{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-063383","form_type":"8-K","ticker":"IIPR","cik":"0001677576","company_name":"INNOVATIVE INDUSTRIAL PROPERTIES INC","filed_at":"2026-05-19T10:01:28+00:00","discovered_at":"2026-05-19T10:10:00.240380+00:00","generated_at":"2026-05-19T10:11:10.178447+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"IIPR subsidiaries secure $22.9M in secured term loans from Amalgamated Bank","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-063383","json":"https://secwatch.observer/filing/0001104659-26-063383.json","markdown":"https://secwatch.observer/filing/0001104659-26-063383.md","text":"https://secwatch.observer/filing/0001104659-26-063383.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1677576/000110465926063383/0001104659-26-063383-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1677576/000110465926063383/tm2614698d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T10:11:10.178447+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3e42b52eb16783e79f84d12a85318d093e078673","claim":"INNOVATIVE INDUSTRIAL PROPERTIES INC incurred guarantee of $10,500,000 with Amalgamated Bank maturing June 5, 2031.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1677576/000110465926063383/0001104659-26-063383-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"guarantee"},{"label":"Principal","value":"$10,500,000"},{"label":"Counterparty","value":"Amalgamated Bank"},{"label":"Maturity","value":"June 5, 2031"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"4ab4433bf8165bfc06df3c5e2fe7a17a01c19731","claim":"INNOVATIVE INDUSTRIAL PROPERTIES INC incurred guarantee of $12,400,000 with Amalgamated Bank maturing June 5, 2031.","evidence_excerpt":"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,","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1677576/000110465926063383/0001104659-26-063383-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"guarantee"},{"label":"Principal","value":"$12,400,000"},{"label":"Counterparty","value":"Amalgamated Bank"},{"label":"Maturity","value":"June 5, 2031"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}