Commercial real estate finance company focused on providing loans to operators in the cannabis industry and other specialized real estate sectors.
AFC Gamma, Inc., headquartered in West Palm Beach, Florida, specializes in originating, structuring, underwriting, and investing in senior secured loans and various debt securities tailored for established companies within the legalized cannabis industry. The company focuses its lending activities in states where medicinal and/or adult use cannabis has been legalized. AFC Gamma predominantly structures its loans as senior secured facilities, utilizing real estate, equipment, licenses, and other permissible assets of the borrowing entities to secure these transactions, in accordance with relevant laws and regulations.
As a strategic move to optimize its tax position, AFC Gamma, Inc. has elected to operate as a real estate investment trust (REIT) under the provisions of the Internal Revenue Code of 1986. This classification allows the company to enjoy favorable tax treatment by distributing a significant portion of its taxable income to shareholders, thereby minimizing its federal corporate income tax obligations.
Founded in 2020, AFC Gamma, Inc. has swiftly positioned itself as a key player in the cannabis finance sector, leveraging its expertise in real estate-backed lending to support the growth and operational needs of cannabis-related businesses. The company's approach combines rigorous underwriting standards with a deep understanding of the regulatory landscape, ensuring prudent risk management and sustainable investment practices.
With a commitment to fostering financial stability and growth within the cannabis industry, AFC Gamma, Inc. continues to expand its portfolio and enhance shareholder value through strategic lending initiatives. Its base in West Palm Beach, Florida, provides a strategic hub for managing operations and capitalizing on opportunities in the evolving cannabis market across the United States.