AFC Gamma
AFC Gamma offers institutional real estate financing to cannabis businesses across the country, covering all facets of production.
- Company typePublic
- Founded2019
- HeadquartersWest Palm Beach, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What AFC Gamma does
AFC Gamma is an institutional lender that specializes in providing capital to cannabis companies involved in cultivation, processing, and distribution. The company offers senior secured loans to state-licensed cannabis operators and financing solutions across cultivation, processing, and distribution sectors, with loan amounts typically ranging from $10 million to over $100 million.
AFC Gamma firmographics
Firmographics- Name
- AFC Gamma
- Legal name
- AFC Gamma, Inc.
- Website
- http://afcgamma.com/
- Company type
- Public
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- AFC Gamma offers institutional real estate financing to cannabis businesses across the country, covering all facets of production.
- Ownership category
- akta.pro rank
Where AFC Gamma is headquartered
LocationHeadquarters
- HQ city
- West Palm Beach
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
AFC Gamma business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Interest Income from Lending: AFC Gamma generates revenue primarily through interest income on its loan portfolio. The company originates senior debt investments to lower middle market companies, earning interest on loans typically ranging from $5 to $50 million.
- Origination and Commitment Fees: The company earns fees associated with originating and structuring loans for borrowers, including commitment fees on undrawn balances.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels2 records
AFC Gamma product offering
Product offeringCore offering
AFC Gamma is a publicly-traded business development company (NASDAQ: AFCG) that originates, structures, invests in, and manages direct senior debt investments to lower middle market companies, typically ranging from $5 to $50 million. The company specializes in lending to state-licensed cannabis operators and provides commercial real estate-secured loans, with a customized loan-structuring approach tailored to each borrower's needs.
Product overview
AFCBDC (Advanced Flower Capital, NASDAQ: AFCG) is a publicly-traded business development company operating as a single unified platform that provides flexible credit solutions to lower middle market companies. The company's primary offerings include direct senior debt investments (typically $5 to $50 million), customized loan structuring services, and specialized lending to state-licensed cannabis operators secured by commercial real estate. The platform is led by an experienced management team with over 50 years of combined lending and investment management experience, and has committed approximately $1 billion to help growing companies meet their goals.
Differentiator
Problem solved
Functional benefit
Products and services
- AFCBDC (Advanced Flower Capital) A publicly-traded business development company (NASDAQ: AFCG) that provides flexible credit solutions to lower middle market companies, primarily originating, structuring, investing in, and managing direct senior debt investments typically ranging from $5 to $50 million.
- Direct Senior Debt Investments Customized loan structuring services providing senior debt capital to lower middle market companies with investments typically ranging from $5 to $50 million, targeting risk-adjusted returns with an opportunistic approach across all industries.
- Cannabis Operator Lending Specialized lending services providing loans to state-licensed cannabis operators, including loans secured by commercial real estate, addressing the limited banking options faced by cannabis businesses due to federal illegality.
Quantifiable outcome
- $15 billion+ in loan transactions structured by leadership team
- +2 more outcomes
Companies that use AFC Gamma
Customer profileSegments2 records
Ideal customer profiles2 records
AFC Gamma technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AFC Gamma partnerships and signals
Strategic signalScale indicators9 records
Recent moves7 records
Expansion highlights5 records
AFC Gamma competitors and assessment
Company assessmentDirect peers
- Silver Spike Capital: Publicly traded specialty finance company (NASDAQ: SSPK) focused on cannabis and cannabis-adjacent lending, directly comparable to AFC Gamma in target borrower, deal structure, and regulatory niche.
- Chicago Atlantic Real Estate Finance: Publicly traded mortgage REIT (NASDAQ: REFI) originating senior secured loans to state-licensed cannabis operators — the closest publicly traded comparable to AFC's cannabis RE-secured lending focus.
- Cresc Capital: Private direct lender specializing in cannabis operator financing; comparable target market and deal-size range as AFC Gamma's cannabis vertical.
Broad incumbents
- Hercules Capital: Large publicly traded specialty finance company (NYSE: HTGC) providing senior debt to growth and lower middle market companies — comparable deal-size range and direct origination model, though not cannabis-focused.
- Oaktree Specialty Lending: Publicly traded BDC (NASDAQ: OCSL) managed by Oaktree, the same firm that acquired founder Len Tannenbaum's Fifth Street Capital — directly comparable BDC structure and middle market focus.
- Main Street Capital: Large publicly traded BDC (NYSE: MAIN) focused on lower middle market debt and equity investments — highly relevant incumbent comparable for AFC's direct origination approach.
- Ares Capital: Largest publicly traded BDC (NASDAQ: ARCC) providing senior and mezzanine debt to middle market companies — broad incumbent comparable on BDC structure and underwriting model.
- Golub Capital BDC: Publicly traded BDC (NASDAQ: GBDC) focused on senior secured loans to middle market borrowers — comparable direct origination platform and loan sizing to AFC's $5–50M range.
- FS KKR Capital: Publicly traded BDC (NYSE: FSK) providing customized credit solutions to private middle market U.S. companies — comparable BDC structure and sponsor-backed deal flow.
- New Mountain Finance: Publicly traded BDC (NASDAQ: NMFC) focused on defensive growth industries — comparable middle-market direct lending model with customized senior debt structures.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
AFC Gamma social profiles
Digital presenceAFC Gamma financial estimates
Financial estimateRevenue estimate
Valuation estimate
AFC Gamma leadership team
Management profileNumber of profiles
Profiles4 records
AFC Gamma funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
AFC Gamma M&A and investment
M&A and investmentM&A
Investments3 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about AFC Gamma
What does AFC Gamma do?
AFC Gamma is a publicly-traded business development company (NASDAQ: AFCG) that originates, structures, invests in, and manages direct senior debt investments to lower middle market companies, typically ranging from $5 to $50 million. The company specializes in lending to state-licensed cannabis operators and provides commercial real estate-secured loans, with a customized loan-structuring approach tailored to each borrower's needs.
Is AFC Gamma a public or private company?
AFC Gamma is a public company. It is classified as public and is currently operating.
When was AFC Gamma founded?
AFC Gamma was founded in 2019. It employs 11 to 50 people.
Where is AFC Gamma based?
AFC Gamma is headquartered in West Palm Beach, United States, in the North America region.
How does AFC Gamma make money?
Two revenue lines are on record. Interest Income from Lending is the primary driver. The others are origination and Commitment Fees.
Who are AFC Gamma's main competitors?
Direct peers on record are Silver Spike Capital, Chicago Atlantic Real Estate Finance and Cresc Capital. Broad incumbents are Hercules Capital, Oaktree Specialty Lending, Main Street Capital, Ares Capital, Golub Capital BDC, FS KKR Capital and New Mountain Finance.
Does AFC Gamma have an API?
No public API is recorded for AFC Gamma.