Viridescent Management LLC, an affiliate of Viridescent Capital Partners (“Viridescent”), a private investment firm with substantial operating and investing experience across the U.S. cannabis industry, is pleased to announce a first close of over $125 million on its mortgage real estate investment trust (“mREIT”), Viridescent Realty Trust (“VRT”). VRT will focus on originating, structuring, underwriting, and managing senior secured loans for established companies that operate in the cannabis industry. With over 20 years of cannabis industry operating and investment experience plus 60 years of structured credit, asset management, and capital markets experience, Viridescent’s broad knowledge and network in the cannabis industry position VRT to be a strategic and valued partner for providing customized and tailored financing solutions to the industry.
Mmp News Author, Medical Marijuana Program Connection, 06/08/2021 22:16:00