Ascend Wellness Closes $11 Million Mortgage Loans at 8.5%
The loans carry 8.5% annual interest, mature in October 2031 and are secured by company-owned properties in Illinois, Maryland and Massachusetts. Proceeds are intended for retail expansion and acquisition opportunities.
Ascend Wellness Holdings closed mortgage loans providing gross proceeds of $11.0M at 8.5% annual interest, maturing in October 2031. The loans are secured by company-owned properties in Illinois, Maryland and Massachusetts; proceeds are intended for retail expansion and acquisition opportunities.Ma…