$1,150,000

Bridge Loan

Kissimmee, Florida

W Financial provided a $1,150,000 bridge loan with an interest rate of 8.25% secured by an improved development site located on East Irlo Memorial Highway in Kissimmee, Florida. The borrower is an entity affiliated with the tenant, which is a vertically integrated, publicly-traded cannabis firm, which operates 35 dispensaries in seven states. While construction of their new facility proceeds, the dispensary is operating out of a temporary building on the site, providing the borrower with cash flow until the development of the new property is completed. Their main campus is located in Gainesville, FL. The borrower plans to refinance the W Financial loan with a construction loan.