LOS ANGELES, March 18, 2021 – EN Capital today announced that it has now helped finance over a dozen cannabis commercial real estate transactions to date. This milestone is a major move for EN Capital on its mission to help cannabis real estate owners get the capital they need for their businesses to thrive.
“Cannabis CRE financing, while still relatively young, is finding its legs and growing into a much more refined niche within the real estate industry,” says Nate Whigham, CEO at EN Capital. “Traditional capital sources willing to take federal forfeiture risk and lend on cannabis properties are extremely rare, but we’re approached almost daily by non-traditional capital sources looking to get into the market and deploy funds.”
This news comes in the wake of recent commercial real estate fundings for cannabis operations including:
“To date, we’ve helped place financing for a wide variety of cannabis usages such as construction, acquisition, and refinancing out of older (pre-regulation) loans,” says Justin Ashcraft, an Associate at EN Capital.
To learn more about cannabis financing options available to owners and operators, click here.
About EN Capital: EN Capital is a commercial real estate mortgage brokerage shop. The company works on all property types, all parts of the capital stack, nationwide. EN Capital has arguably one of the deepest Rolodexes of cannabis-friendly capital sources in the nation.
We’re still pressing ahead and if you need a cannabis CRE loan email us at Justin@encapital.com today!