Cannabis Loans
Cannabis Business Purpose Loan Program:
Cannabis loans are available to finance a purchase or refinance on any of the licensed activities including dispensaries, farming, growing, distribution, manufacturing and processing facilities. Due to the scarcity of funding from banks, there is a need for alternative financing when it comes to Cannabis business loans. We offers commercial cannabis business purpose loan programs from $200,000 to $2.5mm+ on 1st and 2nd trust deeds.
Lending Criteria & Guidelines:
- Loan Amounts: $100,000 – $500,000+
- Property Type: Commercial, Agricultural
- Loan Type: Purchase or Cash-out – 1st and 2nd Trust Deeds OK!
- Loan-to-Value: Up to 60% LTV/CLTV on Refinance; Up to 65% LTV/CLTV on Purchase
- Terms: 1 to 4 years with Balloon – Interest Only Payments (amortization available)
- Occupancy: Owner Occupied and Non-Owner Occupied
- Underwriting: Equity Driven, Bank Statements, No Tax Returns (other docs apply)
- Property Valuation: Appraisal Required
- Interest Rates: 1sts from 11.99% – 2nds from 13.50%*
- Points & Fees: 2+ Points plus Underwriting & Valuation of $2,995+
- Guaranteed Interest: 3 to 6 months
- “Yes, We Can!”: Low FICO – BK – NOD – Foreign National – Self Employed