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We Recently Closed A Cannabis Loan With A Lender Who Wants Even More Cannabis Deals!

Another cannabis deal has been successfully concluded by EN Capital and one of our top cannabis lenders!For any other lender this deal would have been a pass. It was an extremely tertiary location with a non-cannabis value on the real estate too low for more conservative lenders to underwrite. Luckily for the borrower, EN Capital has a great working relationship with one of the cannabis industries' most bullish lenders.This lender is very specific with who they'll work with but they will do what many other in the space will not; lend on the cannabis value of the property. They're quick to close and understand the intricacies of the cannabis space and can lend accordingly. EN Capital is extremely grateful to have this close working relationship because it means we can get your deals done.Additionally, for our readers we've been informed that they want to see more  cannabis deals! This group is known for its creative problem solving but they have very specific criteria for the cannabis deals they'll fund. They're looking for: 

• Deal Size

  • $2M - (No Limit)

• LTV: Up to 70%

• LTC - case by case basis

• Rate:

  • 13-14% for stabilized assets

  • 14-17% for value add

    • (includes ground up, rehab, build-out, TI and FF&E)

• Term

  • 12-24 months

• Location:

  • Nationwide

• Recourse

If you have a cannabis deal that fits the criteria listed above, then be sure to click the link below and let's start talking 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 President, Nate Whigham on Linkedin.EN 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