AFC Gamma, Inc. Appoints Jim Fagan as Independent Director
June 14, 2023 at 04:05 pm EDT
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AFC Gamma, Inc. announced that the Board of Directors has appointed James C. Fagan as an independent director of the company, effective June 13, 2023. Mr. Fagan is currently an Executive Managing Director in the Stamford, CT office of Cushman & Wakefield, having joined the firm in 2003. He has been responsible for the oversight of several hundred millions of dollars in transactions annually and provides strategic counsel to a wide range of corporate clients in the Connecticut/New York Area market.
Prior to joining Cushman & Wakefield, Mr. Fagan worked at and held several leadership positions at CBRE. Over the tenure of his career he has received numerous awards and accolades for the performance and growth of the offices he has overseen, and has worked to develop nationally recognized hiring and leadership programs for newer professionals designed to attract, educate, and retain talent. He is a graduate of the University of Connecticut.
AFC Gamma, Inc. is an institutional lender to the commercial real estate sector. The Company primarily originates, structures, underwrites, invests in and manages senior secured loans and other types of commercial real estate loans and debt securities, with a specialization in loans to cannabis industry operators in states that have legalized medical and/or adult-use cannabis. The Companyâs objective is to provide attractive risk-adjusted returns over time through cash distributions and capital appreciation primarily by providing loans to real estate developers and state-law compliant cannabis companies. The loans it originates are primarily structured as senior loans secured by real estate, equipment, value associated with licenses (where applicable) and/or other assets of the loan parties to the extent permitted by applicable laws and the regulations governing such loan parties. The Company targets investing strategically across multiple real estate sectors.