WEST PALM BEACH, Fla. — Advanced Flower Capital Inc. expanded its senior secured revolving credit facility to $50 million with an additional $20 million commitment from the facility’s lead arranger, an FDIC-insured bank with more than $75 billion in assets. AFC intends to use availability under the Credit Facility to fund commitments to existing borrowers, originate and participate in commercial loans to cannabis operators in line with its investment strategy, and support working capital and other general corporate purposes. The facility remains expandable to $100 million, subject to lender participation and available borrowing base.
“This expanded commitment from a long-standing banking partner underscores the strength of our platform and strategy. This facility remains a core component of our financing approach, and we look forward to further strengthening this partnership as we scale our lending capabilities,” said Brandon Hetzel, AFC’s Chief Financial Officer.
About Advanced Flower Capital Inc.
Advanced Flower Capital Inc. (Nasdaq: AFCG) is a commercial mortgage real estate investment trust that provides institutional loans to state-law-compliant cannabis operators in the U.S. Through the management team’s network and credit and cannabis expertise, AFC originates, structures and underwrites loans ranging from $10 million to over $100 million, typically secured by quality real estate assets, license value, and cash flows. It is based in West Palm Beach, Florida.
