Vireo Growth closes $60 million 8.50% term loan
Vireo Growth closed a $60 million secured term loan with Needham Bank at a fixed 8.50% rate to refinance debt and purchase a Palatka, Florida property. The loan offers six months interest-only payments, then amortization on a ten-year schedule, with final maturity on Apr 2.
50% rate to refinance existing debt and buy the Palatka, Florida property. The facility provides six months of interest-only payments before amortization on a ten-year schedule, with final maturity on Apr 2…