Rainbow Realty Group Completes $8.5 Million Loan to New York based Cannabis Company

Secured by an industrial and modernized greenhouse property in the Hudson Valley, the acquisition loan will be utilized to help expand an existing market-leading New York operation.   NEW YORK, May 1, 2024 /PRNewswire/ -- Rainbow Realty Group IV, LLC ("Rainbow"), in collaboration with Rainbow Realty Group II, LLC, GEMA CP Fund I LLC, and MJ Real Estate Investment Trust, announced the closing of a senior mortgage secured by a highly advanced cannabis cultivation property in Hudson Valley, New York (the "Prop ...