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If You Need Cannabis Financing You Need To Read This
We Weren't Going To Send Out Another Cannabis Email But Then We Got This...
If you're a frequent reader of our newsletters then you'll have seen a recent blast with the headline "The Times They Are A Changing." Well, now we can add a "crazy fast" onto the end of that.Our original plan was to send out a traditional commercial real estate lender blast this week but then we got an unexpected phone call.A group that we've worked very close with and closed a number of cannabis loans with just told us that they're "putting it all on green."They've deployed large sums of capital for a bunch of cannabis deals in the past but now they're hitting the gas even harder.They're lowering their rates for specific leverage points down to 8-9% and they've increased their term length up to 5 years! This group knows the space, knows the market, and if they like your deal they'll blast through any and all barriers to get it done.We're beyond excited to get your cannabis deal in front of this lender so let me stop pecking away at my keyboard and get down to the good stuff. Their deal criteria is:
Deal Size $1.5 - $10M
Up to 50% LTV on the Non-Cannabis Value
Interest rate: 8-9% I/O
2 points lender origination
1-5 year term
Recourse: Full recourse required in most situations
Property Types: All types
Geographics
Western United States
Infill locations
No rural locations
Seriously, don't wait on this one. If you have a deal that fits the above criteria 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. Seriously, every time we do a blast some guy responds and gets pissy when he realizes we're brokers. It's on the top of our website, LinkedIn, clear in all our marketing. We honestly don't know how to make it more obvious. Don't be that guy.
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!
Be sure to connect with EN Capital on Linkedin. and visit our website here.
Connect with EN Capital President, Nate Whigham on Linkedin Here
Connect with EN Capital Associate, Justin Ashcraft on Linkedin Here
Nathan WhighamPresidentCA DRE Broker License: 01793655EN Capital Contact Info:www.encapital.com[email protected]Justin Direct Line: 323-521-4766