$125 Million Credit Facility for Gladstone Land Corporation

We represented Gladstone Land Corporation in connection with increasing its overall borrowing capacity by $75 million, or 150% in connection with its execution of a loan agreement with Metropolitan Life Insurance Company for a new credit facility of up to $125 million, consisting of a $100 million long-term note payable and a $25 million revolving equity line of credit.

Gladstone Land Corporation is a publicly owned (Nasdaq: LAND) is a real estate investment company that specializes in purchasing farms and farm-related properties and leasing them to farmers.

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