Are you looking for funding for your next Cannabis real estate investment? Perhaps you have been turned down by a bank, finance company, or other conventional loan sources. When it comes to getting loans for investment you’ve got to go to the right source – a reliable company that will help you avoid hassles and time consuming requirements. Delancey Street can help. We understand the difficulties associated with funding the Cannabis industry.
Banking regulations have created a mess for the industry – especially since individual states are legalizing it, yet on a federal level – banks refuse to touch it. Many Cannabis businesses need real estate to conduct their business, and are looking to expand their business by purchasing more real estate. Having access to private funding sources can be what you need. Unfortunately, many real estate investment professionals have a hard time getting the funding they need to take advantage of profitable opportunities.
One of the most difficult tasks you’ll encounter as an investor is securing funds for your project. Purchasing real estate involves a huge sum of money. Delancey Street is here to help. We are a real estate lender, that also services the Cannabis industry. We work with Cannabis businesses that need funding to buy more real estate and grow their business.
Easy Approval Processes
We are mostly concerned with collateral and the viability of your idea. If you are looking to buy an investment property, seeking private funding is a smart choice. Private money lenders have less stringent restrictions than banks and other traditional loan sources and can meet your needs quickly.
We require very little documentation, while banks and other financial institutions often ask for almost everything you have, assets, income, taxes, business license, history of the property, and much more. They will certainly want to see more documents from you before they decide whether to grant your loan request.
The easy approval process of private loans can expedite the funding process, which is crucial for many investment professionals, especially those looking to take advantage of lucrative deals when they show up.
Banks and other traditional lenders place a great deal of emphasis on financial history and credit rating when processing loan applications. Those with poor credit or low credit scores are not likely to get approved. When working with us, credit history or credit scores are not a big factor in making loan decisions.
Generally, private lenders are more receptive to bad credit or lower credit ratings. As long as you have a collateral for the loan, there are good chances that you will get approved for the loan.
If flexibility is a top priority for you, private money is the clear winner. In the Cannabis industry, traditional lenders won’t fund you. We look at each deal individually. Unlike a traditional lending institution, private lenders give individualized attention to each loan request. This gives you the opportunity to tweak certain details.
Act Fast – Get Access To The Money You Need
If you’re a Cannabis business in need of funding, get in touch with us. We want to help you get fast, hassle-free funding so you can close deals quickly. Bottom line, we understand the complexities of real estate, and the Cannabis industry. By working with us, you’re working with a company that can work with you at every step of the process – and who knows how to solve problems that may arise.