---
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"
generated_at: "2026-05-19T10:11:10.178447+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# IIPR subsidiaries secure $22.9M in secured term loans from Amalgamated Bank

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-063383
- JSON: https://secwatch.observer/filing/0001104659-26-063383.json
- Plain text: https://secwatch.observer/filing/0001104659-26-063383.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1677576/000110465926063383/0001104659-26-063383-index.htm
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1677576/000110465926063383/0001104659-26-063383-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.