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- W-Financial Cannabis (copy 01)
W-Financial Cannabis (copy 01)
Legacy Lender Enters The Cannabis Market
Cannabis Times...They Are A Changing
A legacy bridge lender is getting into cannabis financing in a big way!While the institution has been around for a while they've only very recently gotten into the cannabis market and have aggressively pursued deals from the minute their feet touched the ground. We started working with this group recently and we're excited to tell you a little bit about their platform. One of the big things to know is that their leverage is based off of the non-cannabis value. They're fast to close and informed us that they can move as quickly as 5 days, plus they're flexible on the pre-pay.Bringing their institutional grade capital to the market this group is extremely well versed with working on complicated deals that other groups say no to. They're looking for cannabis deals NOW, and they're looking to deploy funds fast!Their deal criteria is:
Deal Size $1.5 - $20M
Up to 80% LTV on the Non-Cannabis Value
Interest rate: 9-10% I/O
2 points lender origination
1-5 year term
Recourse: Full recourse required in most situations
Property Types: All types
Except outdoor or greenhouse grows
Deal Types:
Bridge
Will consider light buildout/TI (no ground-up)
Geographics
Nationwide
Looking primary/infill locations
No rural locations
They'll also consider PR
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