Chicago Atlantic REFI funds $16.1M on $100M credit facility for Michigan cannabis operator

Chicago Atlantic Real Estate Finance, Inc.

Entered First Amendment to $100M senior secured credit facility with a vertically integrated Michigan cannabis operator.
Funded $16.09M of $67.3M aggregate tranche; total funded by REFI now $29.2M.
Remaining $15M committed by other lenders; REFI has no obligation to fund additional amounts.
Loan secured by substantially all borrower assets, including owned real estate in Michigan.

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