SHF Holdings exited a $3.1 million loan that was previously in default. In addition to the full repayment of the principal, Safe Harbor received $202,175 in accrued interest, all of which will be reallocated into its lending and credit line capacity. The $3.1 million first-lien loan was originated in 2021 and secured by Class A industrial real estate in the Denver metropolitan area. The strength of the underlying fundamentals of the property helped facilitate a successful exit of the loan, further demonstrating the soundness of Safe Harbor’s underwriting approach. This was the only loan in the portfolio in default as of March 31, 2024.
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