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Apr 18 2018
  • By admin

Cannabis Real Estate Financing – Yes, It’s Possible

Acquiring real estate in the Cannabis industry sucks. It’s hard to get loans from traditional sources. It’s a bit of a minefield. Many institutional investors publicly claim they aren’t doing it, yet you hear about isolated incidents where someone was able to get financing for their next cannabis real estate purchase. If you’re looking for real estate financing, and need a zero headache solution – Delancey Street can help. 

The solution to getting real estate financing in the Cannabis industry is looking for private money. There’s plenty of private lenders out there, willing to give loans for your next real estate purchase. Many marijuana entrepreneurs face difficulties getting funding because federally chartered banks and credit unions can’t offer financing – marijuana isn’t legal at the federal level. You need private money / hard money, in order to finance – as a result. Delancey Street is a hard money / private money lender, that can help with Cannabis real estate purchases. If we can’t help you, we’ll point you in the direction of someone who can.

We provide funding for all sort’s of real estate needs

We can provide MMJ / Cannabis financing for marijuana warehouses, kitchens, retail store-fronts, and more. Our Cannabis real estate financing services can be used to provide you with money to purchase, or refinance an existing property. We’ll give you the money you need to purchase or refinance for owners who have MMJ tenants. With Delancey Street on your side, you can even get cash out financing in order to get working capital, or to do improvements.

General guidelines for cannabis real estate financing

  • The property has to qualify for a cannabis commercial loan
  • The property has to be in one of the legalized states
  • The LTV is up to 80%
  • The loan is up to $10 million

 

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