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Cannabis Lender Ready To Fight For Your Deal!

Anyone familiar with seeing a loan from inception to close knows one thing...due diligence can be tough! There are always a thousand minor details that come up and need to be dealt with, any one of which could derail the entire deal.

Unless, of course, you have a lender like the one EN Capital just proudly closed a cannabis loan with in Oakland, CA!

We closed a $6M cannabis deal with a lender whom we've worked closely with on multiple deals and plan to keep working with in the future.

When you find a lender like this company, things just work. Our deal in Oakland had numerous issues with the title; including a mechanic's lien that was discovered within 24 hours of when the deal was set to close. And, spoiler alert, we still closed on time!

Why were we able to close on time, especially when we were thrown a curve ball so late in the game? Well, it comes entirely down to the fact that this lender is a flexible, creative lender that is willing to go to bat for sponsors and get deals done.So, I have good news for you.Right now this lender is bullishly looking for more cannabis deals, and they're ready to go to bat for you.

They are looking for:

• Deal Sizes

  • $1.5 - $10M

• Location:

  • CA primarily (will consider properties in Las Vegas and some western US areas)

    • Major markets ONLY, no tertiary markets

• Property Types:

  • All cannabis properties EXCEPT 

    • Outdoor grow & greenhouses

• LTV: 

  • 70% with full recourse

  • Up to 50% non-recourse

    • Their sweet spot is 50% LTV. If you can come in at this %, they'll close very fast.

• Term:

  • 2 Years I/O

• Very sponsor driven

• All loans are based on the NON-CANNABIS VALUE of the property.

There are a lot of lenders out there making claims that they can close cannabis deals. However, we're here to tell you that this company is the real deal and we've closed multiple deals with them. If they like your deal, they will move mountains to get it done.If you need a cannabis loan and your deal matches the above criteria, then we should chat immediately. Click the button below and let's start chewing through your deal 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