Innovative Industrial Properties (NYSE:IIPR) has closed on a new $100 million secured revolving credit facility with a federally regulated commercial bank.
The company secured a three-year credit facility backed by its IQHQ investment. Borrowings carry interest at one-month SOFR plus 200 basis points (6.1% based on rates as of Oct. 3, 2025). The facility also includes a $35 million accordion option, allowing total borrowing to increase to $135 million if additional lenders participate.
