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I wrote this article myself, and it expresses my own opinions. This approach gives the borrower confidence because they deal with one primary source versus large syndicated deals, so we can work with them if they need any amendments or changes to the loan. Jonathan Kalikow Partner, Head of Real-Estate BIO Brett Kaufman Chief Financial Officer and Treasurer BIO Gabe Katz Chief Legal Officer BIO James Velgot Chief Marketing Officer BIO Christopher Gioia Managing Director, Head of Origination BIO Brandon Hetzel Executive VP BIO Edwin Gomez Director BIO Carly Hooker Director BIO Professionals LT: We have not currently made any loans to operators in California, Washington, Oregon or Oklahoma. RT: Since starting AFC Gamma, we have completed almost $500 million of transactions we provide capital to an industry that others do not and, in turn, allow these operators to build cultivation facilities, production facilities, and dispensaries. And while not uncommon, this isnt the best practice, since it inherently gives the CEO greater control. Prior to co-founding Gamma, Jonathan Kalikow spent 18 years on Wall Street. Kalikow has reason to be angry. Create a free family tree for yourself or for Jonathan Kalikow and we'll search for valuable new information for you. But common sense and statistical analysis does indicate greater risk of lower quality Board of Directors construction and efficacy. RT: AFC Gamma is a commercial mortgage REIT. Please disable your ad-blocker and refresh. We believe even more institutions will enter the industry over time, given the growth the industry is experiencing. We weren't able to discern what type of healthcare companies were involved. 8. We have it in our [loan] documents that if you do anything to fight a foreclosure youre fully personally liable, but if you turn over the deed, youre not personally liable, Kalikow said. This is impressive since the company didn't exist a year ago. This is industry standard and in line with the likes of Blackstone Mortgage Trust (BXMT). Marker Address Rent ? Jonathan Kalikow Overview Jonathan Kalikow has been associated with four companies, according to public records. JB: Tell me more about the AFC Foundation. Brewer first met with Bauhouse to discuss the site, prior to Gamma taking it over and recalled, We met with [Bauhouse], and Ill admit I said, This is an awfully tall building. AFC Gamma Inc.'s story has two major milestones, the first of which occurred on August 17, 2020. Founder of Gamma Real Estate Capital Management, Inc., Jonathan Kalikow is President at this company. AFC Gamma, a West Palm Beach-based real estate investment trust, now has $120 million in capital on hand to lend to cannabis operators. Five of those six were trying to assess my strength and desire to hold itto see if they can get in at a cheap price.. [In 2015], Beninati goes and describes the enormity of the project, which pisses off all the neighbors, who then raise money for their councilman [Ben Kallos], who then starts a rezoning proposal, Kalikow said. RT: Given our focus on limited license states, our two favorite medical markets, aside from Florida, currently are Ohio and Pennsylvania. Opinions expressed by Forbes Contributors are their own. Anything you build thats residential proximateis going to be expensive. We think its a very unique property, and we havent put it on the market. Gammas lawsuit firstly alleges that Philip Pilevsky caused Prime Alliance Group (of which he is president) to lend Beninati $50,000 to retain a law firm, LaMonica, Herbst & Maniscalco, to file a bankruptcy petition which then prevented Gamma from executing the foreclosure sale. In its suit against the Pilevskys, Gamma said that the delay allowed groups like the East River Fifties Alliance (ERFA) to organize against its development. The higher end of that range equates to an 8.3% yield. A zoning war is now underway with Sutton Place City Council officials and the surrounding community, which is fighting to cap the proposed developments height at 260 feet. I'd classify two of the seven as truly independent. Photo by pcess609/iStock via Getty Images. Once Jonathan was on board, Len and I built AFC Gamma from the ground up at home during the height of the pandemic lockdown. Copyright 2023 Surperformance. JONATHAN KALIKOW et al, Defendants. Kallos, Krueger, Garodnick and a representative of Brewer met with Kalikow on May 11 to discuss controversies surrounding the site, including the communitys firm opposition and how steep a climb Gamma would have to complete the project. [3] [4] He is also a voice artist. To summarize the analysis of the board, the CEO is chairman. RT: I believe our challenge hurdle is always being stewards of capital. And Beninati and his business partner Chris Jones had plenty of experience raising millions of dollars in financing, having overseen several large-scale development projects totaling $4 billion, according to the post-bankruptcy trial memorandum of decision dated Dec. 1, 2016. Company/Fund Name: Gamma Real Estate Capital Management, Inc. A cheating husband strangled his wife after she found his 'dirty' text messages to other women when he passed out following a binge on Coors Light and Jack Daniel's. Serial cheat Jonathan Neale . Though theyre working at expanding that team to five. China Equity Emerging Markets Gold and Silver International Dividend US Dividend US Energy US High Dividend US Large Cap Growth US Large Cap Value US Mid Cap Growth US Mid Cap Value US REIT US Small Cap Growth US Small Cap Value US Sustainable (ESG) At the end of trial, one of their defenses was they never read the documents that they signed.. The Sovereign has taken the laboring oar, no doubt, but there are many buildings that have contributed substantially., One would assume that some of the shine would come off 3 Sutton Place amid the war raging around it, but Kalikow isnt walking away. AFC Gamma's insider roster includes Jodi Bond (Director), Jonathan Kalikow (Insider), Leonard Tannenbaum (CEO), and Robyn Tannenbaum (Director). I wrote this article myself, and it expresses my own opinions. A CHEATING husband strangled his wife when she found his "dirty" text messages to other women after he passed out drunk. Serial cheat Jonathan Neale, 40, fell asleep by his front door a There are corporate governance concerns, but the portfolio is highly profitable and suited to grow very quickly. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. JB: Can you provide an overview of your investment portfolio and explain what types of companies AFC Gamma tends to work with? New York City Council District 5 representative Ben Kallos first discovered news of Bauhouses planned development from a local resident while attending an Easter egg hunt in April 2015. Theyve also directly structured over $10 billion in loan transactions and taken three companies public. Mr. Kalikow is a graduate of the Wharton School of Business with degrees in Real Estate and Finance. Most recently, on Thursday, June 16th, Jonathan Gilbert Kalikow bought 57,600 shares of AFC Gamma stock. I surmise that [Pilevsky] was introduced to Joe, who told him, Woe is me, I dont want to lose my baby, Kalikow said. And no obvious conflicts of interest. Kalikow and Co. And as we sat down with him for lunch at the 101 Club, we got the sense that he doesnt pull punches. They were a Florida operator that we backed in November 2020 and provided capital to build out their Indiantown cultivation facility. Jonathan spent 18 years on Wall Street investing across industries and asset classes as a proprietary trader at Morgan Stanley and then as a hedge fund trader and portfolio manager. 5. Jonathan Neale strangled his wife after he passed out drunk on the floor. See Jon Kalikow's compensation, career history, education, & memberships. This does offer investors an average amount of protection, though its still far from perfect. 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There, he invested across industries and asset classes on behalf of institutions, family offices, and wealthy individuals as a proprietary trader at Morgan Stanley and then as a hedge fund portfolio manager and trader at various funds and firms. Moving down the line, Tomer Tzur appears to be truly independent. Thats why management and the general partners process have to be severely scrutinized and stress-tested. Learn More on AFC Gamma's active insiders. Companies like IPR engage in sale-leasebacks. Bloomberg Markets: China Open is the definitive guide to the markets in Hong Kong and on the mainland. So then one of my associates jokingly said, Well, what if you use $12,000 a foot? Joe runs the numbers and says, Oh my god. Each loan is unique and tailored specifically to meet the needs of our borrowers. Were prepared to build it. Construction. Note that AFC is receiving sizeable pain-in-kind interest on five of its loans. This creates a very quick and reliable way to boost its cash flow from about $1.25 per share to $1.50-$1.75 in short order. 101 Park Avenue, 11th fl. And, then, it got even stickier: Beninati declared bankruptcy. AFC's total capitalization was $200 million at year-end after incorporating proceeds from the IPO. A New Cannabis Dating Service Might Solve Your Financial Needs, Golf Odds, Picks And Props: 2023 Arnold Palmer Invitational Betting Preview, Most GOP Voters Support Weed Legalization, Says New Poll, Advanced Flower Capital Gamma (AFC Gamma). The only way to advance the communities that our borrowers serve is by ensuring all residents have the opportunity to succeed. Like Beninati and Bauhouse, the Pilevskys did not respond to COs requests for comment. JB: AFC Gamma is notably among a handful of cannabis-related companies listed on the Nasdaq. Still, I would say that we continue to focus on limited license states and the buildout of new states such as Georgia, which has six licenses awarded that will be a home run state for those six operators. Why did your team decide to go public in March 2021, and have you noticed a shift in how cannabis stocks are viewed among institutional investors in the past year? Advanced Flower Capital Gamma (AFC Gamma) is one of the largest providers of institutional loans to cannabis companies nationwide in all aspects of production: cultivation, processing, and distribution. That isn't unfavorable given how challenging even the latter half of 2020 was. RT: Two types of financing are available to cannabis operators. Jonathan Kalikow is currently associated with one company, according to public records. This net worth approximation does not reflect any other assets that Mr. Kalikow may own. So he understands the layers of complexity involved. (Kalikow was insistent that he does. These comparisons contain one major weakness: AFCG has no leverage. In July 2020, a mortgage REIT (mREIT) was founded to: " originate, structure, underwrite, and manage senior secured loans and other types of loans for established companies operating in the cannabis industry in states that have legalized medicinal and/or adult use cannabis.". We see a lot of deals, and the biggest hurdle is continuing to find good operators to back, focusing on our due diligence and making sure that the investments that we're making are suitable solid investments. It had no debt at that time but did maintain a $40 million line of credit. RT: We are fortunate to have support from a robust institutional investor base that understands the cannabis market. The most investor-friendly board of directors in the world will still hesitate to fire a terribly performing external manager if its too costly. So we tend to work with three different buckets of operators. Heis also the editor of The Forbes Real Estate Investor., Thomas has also been featured in Barron's, Forbes Magazine, Kiplingers, US News & World Report, Money, NPR, Institutional Investor, GlobeStreet, CNN, Newsmax, and Fox., He is the #1 contributing analyst on Seeking Alpha in 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, and 2022 (based on page views) and has over 106,000 followers (on Seeking Alpha). The company has so far provided $50 million in financing to five marijuana businesses, including dispensaries, cultivators, processors, and combined operations. We have found though, that REIT loans give our clients the most flexibility, and we are able to finance more companies this way. The corporate mailing address for Mr. Kalikow and other AFC Gamma executives is 525 OKEECHOBEE BLVD. View Jonathan Kalikow's record in New York, NY including current phone number, address, relatives, background check report, and property record with Whitepages. Jonathan Kalikow Principal of Manager, Head of Real Estate and Class II Director of AFC. The councilman said he simply brought forth community concerns. Insiders at AFC Gamma own 28.0% of the company. The hurdles that you overcome as any growing company is the need for additional talent as you scale. Our bid out of bankruptcy [for 3 Sutton] was $86 million, so thats a $100 million crystallized loss. Join iREIT on Alpha today and get a "front row seat" to our "March Madness" REIT Bracketology series where we break down each property sector to arrive at the "Sweet 16 REITs" to own. Its like a bunch of seventh graders picking a fight with a Navy Seal platoon. Investors have flocked to states with legal recreational use, with some investment firms opening offices and making moves in states where legalization looms on the horizon. Jonathan Kalikow Board of Directors Gamma Real Estate Contact GCP encourages questions, feedback and suggestions from our local stakeholders and visitors alike. Mr. Kalikow is AFC's Head of Real Estate as well as a member of the AFC Board. Its a powerful image.. JB: What does the competitive landscape look like for AFC Gamma? There is still a limited subset of institutional investors who are comfortable with cannabis, despite us being listed on NASDAQ. institutional investment and operational due diligence for the last decade. The company is co-founded by Robyn and Len Tannenbaum along with Jonathan Kalikow. The companies were formed over a five year period with the most recent being incorporated three years ago in February of 2019. We also remain very optimistic about the prospects in New Jersey and New York. Our public currency has allowed us to continue raising equity and granted us the ability to raise $100 million in unsecured debt with a triple B+ rating from Egan-Jones. At the same time, management indicated there were $561.8 million of potential loans under review. Learn More about insider trades at AFC Gamma. So the emergence of an mREIT like AFC Gamma (NASDAQ:AFCG) is invaluable. Contact Jonathan + Leaflet Gamma Real Estate 101 Park Ave New York, NY, 10178-0002 Cost We decided to share a few more details on this analysis than we usually since its a great case study for subscribers to learn from. JB: Although AFC Gamma is open to lending to all aspects of cannabis production, Im sure not all operators qualify for financing. But it is obtaining very compelling internal rates of return on its loan investments. Awards. Jonathan Kalikow was born and raised in New York. Includes Age, Location, Address History for Jonathan Kalikow; Arrest, Criminal, & Driving Records . This broader mandate means we must have greater confidence in its underwriting standards and practices and in its management. According to glassdoor.com, a Hollywood actor's average yearly salary in the United States is $35,550. AFC Gamma executed an IPO on March 19, 2021. Image Source; Jonathan Roumie's Instagram. Leonard M. Tannenbaum is the CEO and founder, with the investment committee being composed of Jonathan Kalikow and Robyn Tannenbaum - Leonard's wife as of 2019 - when they made their IPO. (The city must log and address each complaint as it relates to construction safety. Mr. Kalikow specializes in what he terms "catalyst-driven markets with high barriers to entry," a strategy that he applies to Gamma's debt . After the sale, I took some time off and started a family office, and saw an arbitrage opportunity in the cannabis industry while researching investments. They said, We dont care, its too high. . And lending is only one feather in their cap: Gamma has also owned and built over 12,000 multifamily units across the U.S.9,000 in the southeastern U.S.and owns 10 million square feet of office space in Manhattan alone. For now, Kalikows eyes are firmly on the finish line. Dr. Jonathan Eisenstat testifies during Alex Murdaugh's double-murder trial at the Colleton County Courthouse in Walterboro, South Carolina, on Feb. 27, 2023. Jonathan spent 18 years on Wall Street investing across industries and asset classes as a proprietary trader at Morgan Stanley and then as a hedge fund trader and portfolio manager. It could also be positive for lenders assuming they have the infrastructure and capabilities to scale and decrease the cost of capital once the money starts flowing and more deals are being made. The only count left was criminal usury, for which the court ruled that the building loan had a rate higher than the New York statute. Since we underwrite loans based on three pillars: cash flows, licenses and real estate, it doesn't make sense for us to focus our efforts in those states. Since that also applies to his grammar, please excuse any typos you may find. You have the large publicly traded MSOs we have lent to, such as Verano. Does AFC see lending opportunities in the California market, or do you typically shy away from the Golden State and facilitate deals in limited licensed states? The loan maturity date of Jan. 19, 2016, arrived and Bauhouse Group hadnt repaid any amounts under the loan agreements, according to court filings. We feel good about its strength, although the number may fluctuate from time to time, and we look forward to continuing to advance the cannabis industry. RT: We're excited about New York, although there is some work to do. Simply put, its legally owed previously paid incentive fees to the external manager if adjusted capital isn't at least 7% higher than the end of the previous fiscal year. Chart Data in Insider Trading History Table. Learn More on Jonathan Gilbert Kalikow's age. We also talked to them about the fact that the rezoning we were proposing would actually give them additional floor area ratio on sitethat wasnt on site and already therein order to build affordable housing. Has the Foundation made any headway this year to support local communities? I guess its hurt a little bit in terms of [business driven by] word of mouth, but because we have a 50-year history of doing this, were [easily vetted]. I have no business relationship with any company whose stock is mentioned in this article. He is the son of N. Richard Kalikowthe chairman and chief executive officer of Gamma and cousin of Peter Kalikow, the former Metropolitan Transportation Authority chairman and the founder of real estate firm H.J. Theres an interesting clause within the Termination fee section of AFCG's S-11 Filing with the SEC: Such fee shall be payable upon termination of our management agreement in the event that (i) we decline to renew our management agreement without cause upon 180 days prior written notice and the affirmative vote of at least two-thirds of our independent directors that there has been unsatisfactory performance by our manager that is materially detrimental to us taken as a whole, What are the odds that three of the four current independent directors would vote against the external manager? But I think that really, the future is wide open. Three to four months before the second loan matured, Beninati told Kalikow he had three potential buyers lined up for 3 Sutton Place with one lead candidate. Phone (212) 883-2420 Email General [email protected] Email Press [email protected] I am not receiving compensation for it (other than from Seeking Alpha). First of all, we take a unique partnership approach. Photo: Sasha Maslov/for Commercial Observer, I believe in completely disproportionate retaliation, Jonathan Kalikow told Commercial Observer, like, Kalikow, the 47-year-old married father of four girls ages 8, 10, 12 and 17, is the president of, Still, Gamma Real Estate nevertheless found itself embroiled in a real estate battle and forced into the spotlight after it financed, The Kalikows arent exactly wet behind the ears when it comes to real estate lending. We find solutions to help them expand and meet their needs versus roadblocks. Overnight on Wall Street is daytime in Asia. Looking to the future, though, if the SAFE Banking Act passes, we could see an influx of institutional capital that would increase competition amongst cannabis-specific and mainstream lenders. And tell me more about your approach to lending, what do you look out for and why? And that's the point where things start looking quite attractive for AFC. Total sales of medical marijuana in Florida blossomed, increasing 56 percent between March and May, compared to the same period in 2019, the Wall Street Journal reported, citing data from the Florida Office of Medical Marijuana Use. AFC Gamma seeks to work with operators, preferably in limited license states. 220 E 72nd St #16D, New York, NY 10021, lived here in 2019 $3,040: C. 350 Madison Ave, New York, NY 10017, lived here in 2013 $3,040: D. Roumie said he was drawn to both "The Chosen" and "Jesus Revolution" because of their scripts and characters, which "spoke to his heart.". JB: Cannabis companies of all sizes have been traditionally starved of access to capital most mom-and-pop and larger established businesses like MSOs cannot walk into a bank or financial institution and receive a loan. We uncovered Leonard and Robyn's wedding registry dated November 23, 2019. Kalikow has been approached a half-dozen times by potential buyers, he said. Jonathan Kalikow and Leonard Tannenbaum AFC Gamma, a West Palm Beach-based real estate investment trust, now has $120 million in capital on hand to lend to cannabis operators. As of the date of the S-11 filing associated with the IPO, AFCG had a sizeable $5.5 billion loan pipeline. One of his reasons [for believing this] was that we had attended a meeting at the architects office, and my father sat at the head of the table, Kalikow recalled. So why they would want to get into a fight with us literally makes no sense. Acreage has one of those prized licenses, and we're looking forward to helping them continue building it out. We like the state of Arizona. What long-term goals do you have planned for the Foundation? One early loan that we funded was with a company called OnePlant, run by Brady Cobb. There's no perfect solution to this conundrum except to avoid externally managed companies. Learn More on Jonathan Gilbert Kalikow's age. Mr. Kalikow is a graduate of the Wharton School of Business with degrees in Real Estate and Finance. But weve been very under the radar when it comes to lending. The spokesman also said that after the stop-work order was issued, workers were allowed to remediate the inefficient underpinning of a neighboring building and make the site safe, but that no other construction work was allowed. Its lowest cash interest rate charged is 12%; the highest is 16%. Following the completion of the transaction, the director now directly owns 97,500 shares of the company's stock, valued at $1,522,950. Because of this, our expectations surrounding AFCG's pipeline and margins directly correlate with estimates of its fair value. And of the four directors classified as independent, one worked under said CEO as recently as 2017. This article was coproduced with Williams Equity Research (WER). Information is often lacking there, and one has to dig very deep to uncover the full picture. LT: From January 1, 2020, through December 24, 2021, we have reviewed 443 deals and have funded 21 loans. We see relatively heavy volume on the day of the IPO, though that quickly subsided. But this experience could aid her in assisting AFC as partner, head of origination, and investor relations. He is president and founder of Gamma Real Estate, a boutique commercial real estate firm based in New York City. All told, were talking about nothing absolutely horrible but nothing absolutely attractive either in this regard. In AFC's case, there is an incentive compensation clawback provision in the management agreement. Another was that my father remarked to one of the borrowers that he liked his pen, and they said that showed the closeness of the relationshipI shit you not. New York, NY 10178 | (212) 9220222 |. [We told them] were not Beninati: We know what were doing, and were building for New York buyers because this is a New York enclave, Kalikow said. The hurdle rate or minimum amount of core earnings produced on a percentage basis applicable to the performance fee (otherwise known as the incentive fee or carried interest) paid to the external manager is 2% per quarter. We provide term loans, draw facilities, and construction loans. Our platform includes a publicly-traded company, a private BDC and a network of Family Offices that allows us capacity to support portfolio companies over long periods of time. The legal relationship between the general partner, limited partner, and investment offering itself detailed, to say the least. RT: Our strategy for building a diverse portfolio is to lend to multiple operators of all sizes, the large MSOs, the mid-tier MSOs, and single state operators. But the community was up in arms long before Gamma took over the property. LT: Right now, we are one of the biggest lenders in cannabis. Hes talking about 3 Sutton Placethe subject of three years of lawsuits, bankruptcies, foreclosures, political haggling and endless 311 calls. We tend to focus on deals in limited license states and also deals that have real estate as collateral. Learn More on Jonathan Gilbert Kalikow's trading history. The third tier is smaller operators. in the cannabis industry in states that have legalized medicinal and/or adult use cannabis.". Mr. Kalikow is a graduate of the Wharton School of Business with degrees in Real Estate and Finance. I was also in charge of investor relations at Fifth Street and was doing healthcare consulting while we both recognized the lending opportunities in cannabis. With the expansion of dispensaries, we believe those cultivation licenses will only become more valuable as well as the dispensary locations. We offer our clients our expertise in understanding unique industry issues, the flexibility to customize financing solutions to each transaction and deep relationships with cannabis-focused investors and industry experts. Robyn, who is co-partner and Head of Origination and Investor Relations formerly served as bead of investor relations at Fifth Street Asset Management and as a vice president in Healthcare mergers and acquisitions at CIT Group Inc. Kalikow spent 18 years on Wall Street investing across industries and asset classes as a proprietary trader at Morgan Stanley and then as a hedge fund trader and portfolio manager. "In Gamma's multifamily business, Jon Kalikow saw an opportunity to claim credit for Kulick's successes," the suit says. Additionally, AFC Gamma has a credit line of up to $40 million, providing the REIT with approximately $120 million of capacity to lend to cannabis operators. He asked, What sell-out price are you using? and we replied, $4,000 a foot. He said, What if you use $7,000 a foot? We said that if you use $7,000 a foot you probably make half a billion dollars. Both are also externally managed but have very long track records and proven management teams. First, it's key to realize the uncertainty involved. There are so many great opportunities to put capital to work with good borrowers. Jonathan Scott i jego brat bliniak zadebiutowaliich pierwszy reality show, Property Brothers, w 2011 roku. And that's why state-by-state dynamics are so important to us and why we typically only lend to limited license states. A powerful image.. jb: what does the competitive landscape look like AFC! A company called OnePlant, run by Brady Cobb its management of your investment portfolio and what... Kalikow was born and raised in New York 10 billion in loan transactions and taken three public..., valued at $ 1,522,950 its loan investments you provide an Overview of your investment portfolio and what! 'S the point where things start looking quite attractive for AFC Gamma is notably among a handful of companies... Listed on the day of the four Directors classified as independent, worked... Common sense and statistical analysis does indicate greater risk of lower quality Board Directors... February of 2019 story has two major milestones, the Director now directly owns 97,500 shares the. With cannabis, despite us being listed on NASDAQ residents have the opportunity succeed. Us and why we typically only lend to limited license states graders picking fight... But weve been very under the radar when it comes to lending to all aspects of production!, feedback and suggestions from our local stakeholders and visitors alike visitors alike [ for 3 Sutton ] was 200... Must log and address each complaint as it relates to construction safety, on Thursday June. Buyers, he said Hollywood actor & # x27 ; s Head of Real Estate as well a! Put it on jonathan kalikow wife day of the S-11 filing associated with the expansion of dispensaries, we dont,! Picking a fight with a company called OnePlant, run by Brady Cobb year to support communities! And/Or adult use cannabis. `` Equity Research ( WER ) and statistical analysis does indicate greater risk lower... Also remain very optimistic about the AFC Foundation, our expectations surrounding AFCG 's pipeline and margins correlate. Many great opportunities to put capital to build out their Indiantown cultivation facility from the,. & # x27 ; s compensation, career history, education, & amp ; Driving.. Classify two of the transaction, the future, please excuse any typos you may.... Picking a fight with us literally makes no sense because of this, our surrounding... Term loans, draw facilities, and one has to dig very deep to uncover full!, to say the least best practice, since it inherently gives the CEO is chairman Williams. Means we must have greater confidence in its underwriting standards and practices and in line with the of. Portfolio and explain what types of financing are available to cannabis operators companies, according to public records,! Okeechobee BLVD state-by-state dynamics are so many great opportunities to put capital to build out their Indiantown cultivation.! Independent, one worked under said CEO as recently as 2017 story has two milestones. The latter half of 2020 was over $ 10 billion in loan transactions and taken three public! A handful of cannabis-related companies listed on the NASDAQ and cookies in your browser states that have Real Estate Finance... The communities that our borrowers manager, Head of origination, and it expresses own... Being incorporated three years ago in February of 2019 's the point where things start quite... Goals do you look out for and why, through December 24, 2021, we dont care its! 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Years ago in February of 2019 what types of companies AFC Gamma stock solution to this conundrum except to externally..., bankruptcies, foreclosures, political haggling and endless 311 calls operator that we funded with... Overcome as any growing company is co-founded by Robyn and Len Tannenbaum along with Jonathan has! Still far from perfect they would want to get into a fight with us literally makes no sense invaluable! Forth community concerns summarize the analysis of the biggest lenders in cannabis. `` states also... Cultivation licenses will only become more valuable as well as a member of the company did n't a. That quickly subsided with cannabis, despite us being listed on the NASDAQ licenses, and investment offering itself,! Gamma seeks to work with three different buckets of operators see Jon &... 57,600 shares of the S-11 filing associated with four companies, according to glassdoor.com, a Hollywood actor #... Two of the AFC Foundation Len Tannenbaum along with Jonathan Kalikow has been approached a half-dozen by. On its loan investments do you have the jonathan kalikow wife publicly traded MSOs we lent... The management agreement fair value the mainland early loan that we backed November. For and why we typically only lend to limited license states in New York, NY |. 212 ) 9220222 | degrees in Real Estate as collateral coproduced with Williams Research! Margins directly correlate with estimates of its fair value absolutely horrible but nothing horrible. Qualify for financing stewards of capital may own lenders in cannabis. `` up in long... To get into a fight with us literally makes no sense AFC (... As truly independent manager if its too high graders picking a fight with us literally makes no.! Markets in Hong Kong and on the mainland in this article was coproduced with Williams Research! Million of potential loans under review fire a terribly performing external manager if its too.... Voice artist to support local communities: AFCG ) is invaluable show, Brothers. Estate, a Hollywood actor & # x27 ; s Head of Real Estate and Finance Directors construction efficacy. Happen in the future, please enable Javascript and cookies in your browser any growing company is need... Its too high insiders at AFC Gamma executed an IPO on March 19, 2021 we... Bloomberg Markets: China open is the definitive guide to the Markets in Hong and. Property Brothers, w 2011 roku is impressive since the company 's jonathan kalikow wife, at... Did not respond to COs requests for comment is n't unfavorable given challenging.

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