Zoned Properties acquires Columbus property using $1.5M loan from First Fidelity Bank

Zoned Properties, Inc.

Acquired commercial real estate at 601 S. High Street, Columbus, OH via affiliate ZP OH Columbus, LLC.
First Fidelity Bank provided a $1.5M loan for the purchase, evidenced by a promissory note.
Zoned Properties guaranteed the loan via a Commercial Guaranty; company believes guaranty's fair value is nominal.
The property serves as collateral for the loan.

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