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- Archway Capital (copy 01)
Archway Capital (copy 01)
7.75% Longer Term Debt for Cannabis Properties (Higher LTV)
To Be Fair, This Group Sells Itself...
A debt fund lending with rates starting at 7.75% on a blended cannabis/non-cannabis valuation doesn't need us to sell it.Luckily for you, they asked us to do it anyway.This very experienced real estate lender recently jumped into the cannabis space with both feet and they're on the prowl for more deals. They just put out fantastic terms on a cannabis deal and they want more.While most lenders approach cannabis deals in one of two "black or white / cannabis or non-cannabis" valuation modes, this group likes playing in the middle-ground. Cannabis values tend be more expensive but you net more proceeds at a higher cost. Non-cannabis valuations are the exact opposite; less proceeds but less costly. This group is evaluating cannabis deals on a blended valuation resulting in higher loan proceeds at rates from 7.75%. They'll also provide longer term loans than most cannabis friendly lenders, loans out to four years.They love industrial cannabis properties and cannabis retail properties in a diversified strip/center. They'll lend on indoor cultivation facilities but won't lend on greenhouses right now. The fun stuff:
Deal Sizes $2 - $25M
Up to 75% LTC
Between 70-75% LTV on the blended value
Interest rate: 7.75-8.75%
2 points lender origination
1-4 year term
Non-Recourse
Property Types: Industrial and Retail preferred
No greenhouses
Geographics
Nationwide
Primary markets preferred but will look at tertiary markets.
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!
P.S.
If you're brand new to the EN Capital newsletter; each week we promote a new capital source for a variety of commercial real estate properties. So if the above lender is not relative to you, the chances are high that we'll have the perfect capital source for you soon.
P.P.S.
EN Capital is a commercial real estate mortgage brokerage shop.
We are not direct lenders. Seriously, every time we do a blast some guy responds and gets pissy when he realizes we're brokers. It's on the top of our website, LinkedIn, clear in all our marketing. We honestly don't know how to make it more obvious. Don't be that guy.
P.P.P.S.
If you have a commercial real estate deal, unrelated to the above, that needs capital right now reach out to us and let's chat!
Be sure to connect with EN Capital on Linkedin. and visit our website here.
Connect with EN Capital President, Nate Whigham on Linkedin Here
Connect with EN Capital Associate, Justin Ashcraft on Linkedin Here
Nathan WhighamPresidentCA DRE Broker License: 01793655EN Capital Contact Info:www.encapital.com[email protected]Justin Direct Line: 323-521-4766