(NYSE:PINE) WINTER PARK, Fla., Aug. 29, 2025 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the âCompanyâ) announced today the origination of a $24.0 million first mortgage loan investment (the âLoanâ), which was fully funded at closing. The Loan carries a 24-month term with an interest rate of 11.0%, and will fund the redevelopment of a former retail building into an industrial asset (the âPropertyâ).
Related Questions
How will the $24âŻmillion firstâmortgage loan and 11.0% interest rate affect Alpine Income Property Trust's cashâflow outlook and credit metrics?
What is the projected returnâonâinvestment for the redevelopment of the former retail building into an industrial asset, and how does it compare to the companyâs existing portfolio yields?
Does the 24âmonth term and new asset acquisition imply any dilution or reâallocation of capital that could impact the stockâs valuation relative to peers in the REIT sector?