Strawberry Fields REIT, Inc. closed a $300 million Corporate Credit Facility with Popular Bank, consisting of a $100 million term loan and a $200 million revolving credit facility. The facility is secured by SFRLP assets and guaranteed by the Company and its real estate subsidiaries, with interest rates set at the greater of 1-month CME Term SOFR plus 275 basis points or 5.50% maturing in June 2029. The company operates in the real estate investment trust industry and manages real estate assets.
