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Alpine Income Property Trust Announces $24.0 Million First Mortgage Loan Investment
Sentiment:Neutral (60)
Summary
(NYSE:PINE) WINTER PARK, Fla., Aug. 29, 2025 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) announced today the origination of a $24.0 million first mortgage loan investment (the “Loan”), 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 “Property”).
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Read Full ArticleArticle published on August 29, 2025 by globenewswire