AFC Gamma, a West Palm Beach-based real estate investment trust, now has $120 million in capital on hand to lend to cannabis operators. AFC Gamma, which stands for Advanced Flower Capital, announced it raised $80 million of equity from 20 family offices, completing the first round of its $200 million investment vehicle, according to a press release. The commercial mortgage REIT also has a credit line of up to $40 million, freeing up a total
source https://therealdeal.com/2020/08/20/jackpot-cannabis-reit-has-120m-in-capital-to-lend-to-operators/
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