Safe Harbor Financial announced on October 29, 2024, that it has originated a $1.07 million secured credit facility for a Missouri-based cannabis operator. This transaction represents the initial tranche of a larger $5 million commitment aimed at refinancing existing senior debt for the operator.
The credit facility is secured by a portfolio that includes four retail dispensaries and a manufacturing facility located in Missouri. This financing is designed to reduce the operator's borrowing costs and enable them to optimize their operations within the state's expanding cannabis market.
This loan further solidifies Safe Harbor's position as a key partner for cannabis operators seeking competitive financial solutions. The company emphasizes its ability to offer competitive rates and tailored lending solutions as a differentiator in the cannabis financial sector.
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