{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-112568","form_type":"8-K","ticker":"IIPR","cik":"0001677576","company_name":"INNOVATIVE INDUSTRIAL PROPERTIES INC","filed_at":"2026-10-01T11:00:27+00:00","discovered_at":"2026-10-01T11:05:00.261183+00:00","generated_at":"2026-10-12T14:14:10.867651+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"IIP expands Alewife Park mezzanine loan to $400M, funds $111M at closing at ~15.8% yield","bullets":["IIP Life Science II increased the Alewife Park mezzanine loan by $267.0M to $400.0M total, with IIP providing up to $245.0M under new Note B.","IIP funded ~$111.0M at closing, repaying the borrower's $85.0M bridge loan; remaining $134M expected to be funded through Q4 2027.","Loan yields ~15.8% with a 14% floor, matures February 2028 with a one-year extension option; IIP may buy other lender's notes up to $155M.","Alewife Park is a 27-acre Cambridge, MA life science campus with 392,000 sq ft in Phase I, 78% leased to Lila Sciences."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-112568","json":"https://secwatch.observer/filing/0001104659-26-112568.json","markdown":"https://secwatch.observer/filing/0001104659-26-112568.md","text":"https://secwatch.observer/filing/0001104659-26-112568.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1677576/000110465926112568/0001104659-26-112568-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1677576/000110465926112568/tm2626535d1_8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T14:14:10.867651+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}