IIPR subsidiaries secure $21.96M in property-backed loans at 6.67% fixed rate

Filed May 20, 2026 · Period ending May 19, 2026 · ~1 min read

Key Changes

• high

  Parent company guaranteed subsidiary loans, creating direct liability if properties default—encumbers corporate credit and limits financial flexibility

  Item 1.01: Parent Guaranty verify on EDGAR →
• high

  Four subsidiaries across MA, PA, MD, and NJ borrowed $21.96M total from Amalgamated Bank, secured by first-priority liens on underlying properties

  Item 1.01: Loan Agreements verify on EDGAR →
• medium

  Loans carry 6.67% fixed rate with 25-year amortization but 5-year maturity (June 2031), requiring balloon payment or refinancing at term

  Item 1.01: Loan Terms verify on EDGAR →