secwatch.observer — SEC 8-K summary
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Issuer:     Zoned Properties, Inc. (ZDPY)
CIK:        0001279620
Form:       8-K
Filed at:   2022-07-12T23:59:59+00:00
Accession:  0001213900-22-038686
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 2.03, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1279620/000121390022038686/0001213900-22-038686-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1279620/000121390022038686/ea162710-8k_zoned.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-038686

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