Close

Cannabis Lender Looking For Seasoned Operators or Property Owners

  • Home
  •  / 
  • Cannabis
  •  / 
  • Cannabis Lender Looking For Seasoned Operators or Property Owners

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.

Learn how to finance your Cannabis deal with our FREE guide!

We show you exactly how cannabis lenders look at and evaluate deals that they lend on. Learn how the two different types of evaluation can make all the difference in this guide!

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!

Related Posts