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CMBS Hemp
Low Cost Conventional Financing For Hemp
Low Cost Conventional Financing Available For Industrial Hemp Properties
EN Capital has recently started working with a lender who is offering low coast conventional loans on industrial hemp properties!
This capital source is offering 10 year fixed, non-recourse loans at up to 75% LTV nationwide. They prefer to see cash-flowing entities but will consider non-cash flowing for strong borrowers. This capital source is also particularly useful if you've found it difficult to work with a bank as they do not care about FICO scores.
In addition to industrial properties this provider will lend on non-plant touching cannabis properties as well. So if your delivery or service loan was denied because of the cannabis usage and you do not touch the plant then this will be the perfect lender for you.
They're looking for deals that fit the following criteria:
Deal Size: - $3M min - No max
Max LTV: 75%
I/O Loans up to 65% LTV
Rates: 3.5% - 4.5%
Term: 10 Years
Geographic: Nationwide (including PR, HI, AK)
Property Types: Industrial
No outdoor farms
Non-Recourse
If you have a deal that meets the above criterium, be sure to reply to this email or click the link below and let's start chatting 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. 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 Nate on Linkedin HereConnect with Justin on Linkedin HereEN Capital is a commercial real estate mortgage broker firm. We 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.
Nathan WhighamPresidentDirect: 310-465-9253[email protected]www.encapitalllc.comCA DRE Broker License: 01793655