1st Capital

Bank Rate Debt for Properties with a Cannabis Tenant!

January 29, 2019

Socal Bank Now Providing Long Term Financing for Multi-Tenant Properties with 33% or Less Cannabis Occupancy!

EN Capital has recently come to work with a bank who has decided to open up their capital to our network!This lender is offering fantastic terms on cannabis to qualified borrowers with a property that has a cannabis tenant that occupies 33% or less of the total space. Here are their terms.

  • Geography: California

    • Will go out of state on a select basis.

    • The investor should be based in the Los Angeles area 

  • LTV up to 75%

  • Term: Up to 10 years

  • Debt/Yield minimum of 10%

  • Loan Fee 0.50%

  • Interest rates correspond to Libor Swap Rate plus 2.50% range.

  • Deal Size:

    • Up to $10M

    • Could go higher but the underwriting becomes more restrictive 

  • Recourse required 

If you're looking for a longer term on your cannabis financing then click the "I have a cannabis deal" button below and let's start talking immediately!  

P.S. If you're brand new to the EN Capital newsletter we are commercial real estate mortgage brokers who have been involved in placing north of $750M of financing. We work on all property types all over the nation, as well as all parts of the capital stack including equity. Each week we promote a new capital source for a variety of commercial real estate property types so if the above is not relative to your chances are high we'll have a source soon who is...If you have a commercial real estate deal that needs capital right now, lets chat!

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Nathan WhighamPresidentDirect: 310-465-9253[email protected]www.encapitalllc.comCA DRE Broker License: 01793655