Inception Perm Financing

Longer Term Loans For Cannabis Properties (5-Year+)

May 28, 2020

5-Year Plus Financing For Large Cash-Flowing Cannabis Real Estate

 

We've been contacted recently by a group that we've worked with for a while that has told us that they're looking to provide perm financing for cash-flow generating cannabis real estate.Everyone else we're seeing that is active in the cannabis space is providing term lengths of 18 - 36 months max. Varying from group to group this length of the term has stayed relatively consistent across the board. So borrowers such as yourself had nowhere to turn if you wanted something more long term.Now instead of having to refi out your debt in 1.5 years (which we all know how annoying that is), this lender will provide perm financing with a minimum 5-year term!They're looking for large cannabis deals $15M+ (can be a portfolio deal) and prefer working directly with owner/operators instead of investor owned property.This source is motivated and looking for a few good deals to close this summer. Take a look at their deal criteria below.They're looking for:

  • Deal Sizes: 

    • $15M - minimum

  • LTV: 

    • Up to 70%

  • Interest Rate:

    • 10%

  • Term:

    • 5-year minimum

      • Pre-Payment penalties apply

  • Geographics:

    • Nationwide

  • Lender Origination fee:

    • 2pts max

  • Property types:

    • All types

      • MUST be stabilized/cash flowing

  • Flexible recourse

If you have a deal that meets these criteria, then we should talk. 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.

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!

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Nathan WhighamPresidentCA DRE Broker License: 01793655EN Capital Contact Info:www.encapital.com[email protected]Justin Direct Line: 323-521-4766