Power REIT secures $20M debt facility at 5.52% for greenhouse growth

Power REIT

$20M debt facility with a commercial federally regulated bank; fixed rate 5.52%.
12-month draw period, then converts to a 5-year fully amortizing term loan.
Proceeds to acquire additional greenhouse properties and fund value-add improvements.
Facility can be expanded by adding unencumbered greenhouse assets to collateral pool.
Non-dilutive capital plan preserves equity while targeting investment yield spread over borrowing cost.

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