Aggressive Cannabis Rates

Aggressive Cannabis Rates

We Weren’t Going To Send Out Another Cannabis Email But Then We Got This…

If you’re a frequent reader of our newsletters then you’ll have seen a recent blast with the headline “The Times They Are A Changing.” Well, now we can add a “crazy fast” onto the end of that.

Our original plan was to send out a traditional commercial real estate lender blast this week but then we got an unexpected phone call.

A group that we’ve worked very close with and closed a number of cannabis loans with just told us that they’re “putting it all on green.”

They’ve deployed large sums of capital for a bunch of cannabis deals in the past but now they’re hitting the gas even harder.

They’re lowering their rates for specific leverage points down to 8-9% and they’ve increased their term length up to 5 years! This group knows the space, knows the market, and if they like your deal they’ll blast through any and all barriers to get it done.

We’re beyond excited to get your cannabis deal in front of this lender so let me stop pecking away at my keyboard and get down to the good stuff.

Their deal criteria is: 

  • Deal Size $1.5 – $10M
  • Up to 50% LTV on the Non-Cannabis Value
  • Interest rate: 8-9% I/O
  • 2 points lender origination
  • 1-5 year term
  • Recourse: Full recourse required in most situations
  • Property Types: All types
  • Geographics
    • Western United States
      • Infill locations
      • No rural locations

Seriously, don’t wait on this one. If you have a deal that fits the above criteria click the button below or shoot us an email and let’s get started today! 

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