Zoned Properties secures up to $4.5M debt facility from East West Bank for cannabis real estate

Zoned Properties, Inc.

Facility secured at 50% loan-to-value against Tempe, AZ property; 6-year term with 25-year amortization.
Variable interest rate of prime+2.00% (currently 7.00%); fixed rate option prime+2.25%.
Interest-only payments for first 12 months; proceeds to fund property acquisitions and investments.
Preferred stock holders approved borrowing and guaranty on July 8, 2022.
New banking partner East West Bank opens door for future facility expansion.

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