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home / news releases / ZDPY - Zoned Properties gets $4.5M debt facility for cannabis real estate

ZDPY - Zoned Properties gets $4.5M debt facility for cannabis real estate

Zoned Properties Inc
  • A leading real estate development firm for emerging and highly regulated industries including legalized cannabis, Zoned Properties ( OTCQB:ZDPY ) announced the company has secured an initial debt facility of up to $4.5M.
  • The facility is secured as a 50% loan-to-value collateralized against the company’s Tempe property.
  • The Tempe Property represents 33% of current property rental revenue.
  • “We plan to utilize raised capital to invest in and acquire projects, which we are already in the underwriting and review stages,” said Dan Gauthier, Chief Legal Officer for Zoned Properties. “The Company’s newly formed Zoned Investment Committee has recruited underwriting expertise that we believe can help accelerate and improve our acquisition process.

For further details see:

Zoned Properties gets $4.5M debt facility for cannabis real estate
Stock Information
Company Name: Zoned Properties Inc
Stock Symbol: ZDPY
Market: OTC
Website: zonedproperties.com
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