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Cannabis Lender Looking For Seasoned Operators or Property Owners

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Cannabis Lender Looking For Seasoned Operators or Property Owners

Cannabis Lender Looking For Seasoned Operators Is Still Lending

The markets may be on a bit of a rollercoaster at the moment but if you’re a cannabis operation that needs a loan and you’ve been operating for a minimum of 6 months then we have a lender for you!

This lender is looking at obtaining a select handful of fast-turnaround / “low-issue” loan requests for their cannabis lending program.

They’re defining these loan requests as:

  1. Refinancing of a landlord-tenant property or owner-user property with at least 6 months of operating history at the site for the licensed cannabis operator
  2. Purchase finance of a sale/leaseback transaction where the seller will be the tenant and has occupied and operated a licensed cannabis business at the property for 6 months
  3. Purchase financing for an existing licensed cannabis tenant who is exercising an existing purchase option or wants to negotiate a purchase
  • Deal Size:
    • $2M – $15M
  • Up to 70% LTV
    • Based on Non-Cannabis value
  • Rate: 9-14%
    • With a 5,4,3,2,1% style prepayment
    • 1-4pts origination fees
  • Term: 5-7 Years
  • Recourse:
    • Non-Recourse with “bad-boy” carveouts
  • Property Type:
    • All types with non-cannabis alternative use
  • Geography: Nationwide
    • Both recreational states & medical-only states
    • Tertiary markets accepted
If you have a deal that fits these criteria then send us an email HERE or at Justin@encapital.com and let’s start chatting today!

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