Safe Harbor Financial Originates $6.7 Million First-Lien Secured Loan for Global Real Estate Investment Firm
15 Junho 2023 - 8:30AM
SHF Holdings, Inc. (“Safe Harbor Financial” or the
“Company”) (NASDAQ: SHFS), a leader in facilitating
banking, payments, and financial services to the regulated cannabis
industry, today announced that it has originated a $6,695,000 loan
for a global real estate investment firm. With a market-leading
interest rate, amortization, and repayment schedule, the loan is
secured by a first lien on a Class A multitenant cannabis
industrial property located in Oakland, California.
“The origination of this loan will generate fee
and interest revenue for Safe Harbor Financial while further
advancing the Company toward our quarterly and annual credit
issuance goals,” said Sundie Seefried, Chief Executive Officer at
Safe Harbor Financial. “I am proud of the team for successfully
underwriting this loan, which involves a prominent and
sophisticated borrower and a property with over a dozen separate
cannabis businesses, each of which had to be evaluated in
connection with both a credit and Bank Secrecy Act compliance
analysis. While our deep compliance expertise provides for greater
risk arbitrage, our position in the marketplace as the bridge
between cannabis and finance continues to provide us with access to
superior credit opportunities.”
About Safe HarborSafe Harbor
Financial is among the first service providers to offer compliance,
monitoring and validation services to financial institutions,
providing traditional banking services to cannabis, hemp, CBD, and
ancillary operators, making communities safer, driving growth in
local economies, and fostering long-term partnerships. Currently
managing approximately 1000 cannabis-related relationships, Safe
Harbor Financial, through its financial institution clients,
implements high standards of accountability, transparency,
monitoring, reporting and risk mitigation measures while meeting
Bank Secrecy Act obligations in line with FinCEN guidance on
cannabis-related businesses. Over the past eight years, Safe Harbor
Financial has facilitated more than $18 billion in deposit
transactions for businesses with operations spanning over 40 states
and US territories with regulated cannabis markets. For more
information, visit www.shfinancial.org.
Forward-Looking
StatementsCertain statements contained in this press
release constitute "forward-looking statements'' within the meaning
of federal securities laws. Forward-looking statements may include,
but are not limited to, statements with respect to trends in the
cannabis industry, including proposed changes in U.S and state
laws, rules, regulations and guidance relating to the Company’s
services; the Company’s growth prospects and the Company’s market
size; the Company’s projected financial and operational
performance, including relative to its competitors; whether similar
loans, or loans at similar rates would be offered in the future;
new product and service offerings the Company may introduce in the
future; the impact of recent volatility in the capital markets,
which may adversely affect the price of the Company's securities;
the outcome of any legal proceedings that may be instituted against
the Company; other statements regarding the Company’s expectations,
hopes, beliefs, intentions or strategies regarding the future; and
the other risk factors discussed in the Company’s filings from time
to time with the Securities and Exchange Commission. In addition,
any statements that refer to projections, forecasts or other
characterizations of future events or circumstances, including any
underlying assumptions, are forward-looking statements. The words
"anticipate," "believe," "continue," "could," "estimate," "expect,"
"intends," "outlook," "may," "might," "plan," "possible,"
"potential," "predict," "project," "should," "would," and similar
expressions may identify forward-looking statements, but the
absence of these words does not mean that a statement is not
forward-looking. Forward-looking statements are predictions,
projections and other statements about future events that are based
on current expectations and assumptions and, as a result, are
subject to risks and uncertainties. These forward-looking
statements involve a number of risks and uncertainties (some of
which are beyond the control of the Company), and other
assumptions, that may cause the actual results or performance to be
materially different from those expressed or implied by these
forward-looking statements.
Contact Information
Safe Harbor MediaNick Callaio, Marketing
Manager720.951.0619Nick@SHFinancial.org |
|
|
|
Safe Harbor Investor RelationsIR@SHFinancial.org |
|
SHF (NASDAQ:SHFS)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
SHF (NASDAQ:SHFS)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024