About AFC Gamma Inc
AFC Gamma, Inc. is a commercial real estate finance company. The Company is principally engaged in originating, structuring, underwriting and managing senior secured loans and other types of loans for companies operating in the cannabis industry in states that have legalized medicinal and/or adult use cannabis. Its objective is to provide risk-adjusted returns through cash distributions and capital appreciation by providing loans to state law compliant cannabis companies. The Company's portfolio is comprised of loans to around eight different borrowers, totaling approximately $92.5 million in total principal amount, with approximately $19.8 million in additional unfunded loan commitments to such borrowers. The loans originated is primarily structured as senior loans secured, directly or indirectly, by real estate and certain personal property, including licenses, equipment, and other assets of borrowers. AFC Management, LLC is the external manager of the Company.