Delancey Street provides opportunity where none exists for Cannabis companies. The acquisition of real estate is one of the many challenges in the marijuana / cannabis industry. The problem for many entrepreneurs in the marijuana industry is that there’s a lack of financing options. Federally chartered banks, and credit unions, cannot offering financing for buildings since marijuana is not legal at the federal level. We offer financing for for all types of cannabis real estate loans. We provide cannabis business owners with quick, easy, access to private capital for their goals.
We provide investors with financing for marijuana warehouses, kitchens, retail store fronts, and all other expansionary goals. Our cannabis lending company provides money you need to purchase, or refinance, and existing property. We also provide funding for a purchase, or refinance for owners with existing MMJ tenants. With Delancey Street, you can even get cash-out financing in order to get working capital, or for any other improvements.
As an alternative to purchasing your own mmj real estate, we can help you by becoming your investor – and landlord. We have a large fund, set aside for MMJ use building purchases. We can help with all forms of real estate improvements and upgrades.
We are ready to provide real estate, and private money loans, in cannabis related businesses which are properly licensed in their respective state.
Below are general guidelines for cannabis real estate loans
- The property is suitable to qualify for a cannabis commercial loan
- The property is in a legalized state
- The property loan to value ratio is up to 80%
Why lenders work with Delancey Street
Borrowers love Delancey Street because we are happy to work with you. The biggest reason borrowers work with us – is because we’re super flexible, and we “make it work.” Regardless of what the situation is, we’re here to help you- and we’ll be flexible. We help you get private money loans for cannabis real estate transactions by either lending directly, or by helping you source funds from an alternative source.
What does Delancey Street do?
We are a direct lender for Cannabis real estate loans, and in addition, have an extended network of investors who provide MMJ financing marijuana growing operations and retailers. Whether it’s a grow house, kitchen, or retail store-front, we can help. We can also provide money you need to purchase or refinance an existing property.
What type of Cannabis businesses can we fund
Delancey Street funds both growers and sellers. We understand it’s important to have warehouses in order to store plants, grow plants, and to sell products. Below are some of the types of cannabis businesses we’ve funded in the past:
and others in the Cannabis industry that need to buy real estate to expand their business.
We provide alternative financing for marijuana businesses that are purchasing real estate in order to expand their business. Due to the high risk nature of the business, there are requirements which have to be met in order to get funding.
-Credit score over 500
-Purchasing real estate
-Have real estate as collateral for the loan
-Have gross sales that justify the loan amount
Cannabis Bridge Loans for Real Estate Transactions
In some cases there can be a delay in purchasing a residential or commercial property. In situations like this, Delancey Street can provide bridge funding for the transaction. We provide bridge loans as a temporary source of capital under a long term source can be secured. Our loans can be used as safety nets, until the business starts earning income/can refinance.
General Lending Guidelines
Typically we consider Cannabis real estate loans that adhere to the following guidelines.
-Loans up to $30 million
-Loans for purchasing, refinance, equity cash out, equipment, bridge loans, rehab, construction loans
-Up to 70% LTV for purchases and refinance
-Rates from 8-15%