Low-Cost Conventional Financing Available For Industrial Hemp Properties
EN Capital has recently started working with a lender who is offering low coast conventional loans on industrial hemp properties!
This capital source is offering 10 year fixed, non-recourse loans at up to 75% LTV nationwide. They prefer to see cash-flowing entities but will consider non-cash flowing for strong borrowers. This capital source is also particularly useful if you’ve found it difficult to work with a bank as they do not care about FICO scores.
In addition to industrial properties this provider will lend on non-plant touching cannabis properties as well. So if your delivery or service loan was denied because of the cannabis usage and you do not touch the plant then this will be the perfect lender for you.
They’re looking for deals that fit the following criteria:
- Deal Size: – $3M min – No max
- Max LTV: 75%
- I/O Loans up to 65% LTV
- Rates: 3.5% – 4.5%
- Term: 10 Years
- Geographic: Nationwide (including PR, HI, AK)
- Property Types: Industrial
- No outdoor farms
If you have a deal that meets the above criterium, be sure to click here to contact us and let’s start chatting today!