Inception Perm Financing (copy 02)

5 Yr+ Loans Available For Cannabis Properties

July 07, 2020

Cash-Flowing Cannabis Properties Can Now Get 5+ Years Financing!

 

A group that we've worked closely with for a while now has told us that they're looking to provide long-term financing options for cannabis commercial real estate!If you've been operating for any length of time then you're well aware that long-term debt is just not a thing in the cannabis world. Everyone else is providing term lengths of 18 - 36 months if you're lucky. Now, with this new program, 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. You can get your loan, AND have time to put the capital to work before the note becomes due.Not everyone qualifies though. This group is only interested in 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, so you still have time (but not a ton). 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