Cannabis Programs & Services
Provides attractive financing solutions for borrowers that need flexibility to execute a diverse range of strategies
| Loan Size: | 500k to 20M+ (lower case by case) |
| Max LTV: | Up to 65% LTV (higher case by case) |
| Pricing: | From 10% to 15% Plus |
| Amortization: | Typically Interest Only (Reserves Case by Case) |
| DSCR Requirement: | None |
| Lien Position: | First Trust Deed |
| Borrower Entity: | Corporate Structure |
| Minimum FICO: | None – can influence pricing consideration |
| Terms: | 12-18 months w/ extensions |
| Prepayment Penalty: | Typically No – Case by Case |
| Loan Type: | Purchase, Rate & Term, & Cash-Out, Transaction Financing |
| Loan Purpose: | Quick closings, Recapitalization, Buyouts, Heavy Rehab, Construction, Land Development and more. |
| Recourse: | Full & Non-Recourse with standard “carve-outs” |
| Origination & Exit Fees: | Typically, from 2%-5% depending on market, loan size, timing, and complexity. |
| Consultation Fees: | Typically, from 2%-3% depending on market, size, timing, and complexity. |
| Commitment & or Underwriting Fee: | $2,500 to $5,500 or larger on complex and high balance loans. |
| Packaging & Processing Fee: | $695 to $2,500 depending on loan size, timing, and complexity |
| Locations: | Nationwide |
| Documents Required: | On a case by case: Personal Financial Statement Schedule of Real Estate (if Applicable) Appraisal or Broker Price Opinion (BPO) Environmental (if Applicable/Available) Rent Roll (if Applicable) Leases where applicable |
Provides attractive financing solutions for borrowers that need flexibility to execute a diverse range of strategies
| Loan Size: | 500k to 20M+ (lower case by case) |
| Max LTV / LTC: | Up to 70% LTV / Up to 75% LTC (higher case by case) |
| Pricing: | From 7% to 12% Plus |
| Amortization: | Typically Interest Only (Reserves Case by Case) |
| DSCR Requirement: | >1.0 ok during lease up & rehab up to 1.10% Plus |
| Lien Position: | First & 2nd Mortgage Trust Deed |
| Borrower Entity: | Corporate Structure |
| Minimum FICO: | Typically minimum FICO of 680+ required |
| Terms: | 12-36mo typically w/ extensions (longer Case by Case) |
| Prepayment Penalty: | Typically 1-3 year commitment. |
| Loan Type: | Purchase, Rate & Term, & Cash-Out, Transaction Financing |
| Loan Purpose: | Quick closings, Recapitalization, Buyouts, Light Rehab, New Construction, Land Development and more. |
| Recourse: | Full & Non-Recourse with standard “carve-outs” |
| Origination & Exit Fees: | Typically, from 1%-3% depending on market, loan size, timing, and complexity. |
| Consultation Fees: | Typically, from 1%-2% depending on market, size, timing, and complexity. |
| Commitment & or Underwriting Fee: | $2,500 to $5,500 or larger on complex and high balance loans. |
| Packaging & Processing Fee: | $695 to $2,500 depending on loan size, timing, and complexity |
| Locations: | Nationwide |
| Documents Required: | On a case by case: Personal Financial Statement Recent Credit Report Full Business Financials (P&L w/ Balance Sheet) Full Business Tax Returns (Case by Case) Full Personal Returns (Case by Case) 3mo Business Bank Statements Schedule of Real Estate (if Applicable) Appraisal or Broker Price Opinion (BPO) Environmental (if Applicable/Available) Rent Roll (if Applicable) Leases where applicable |
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Check out our other programs!
We can assist with almost any need through our extensive network of institutional and private offices, typically we start down one of these paths 99% of the time.
For those times you absolutely must close quickly. True asset-based financing only concerned with your liquidity & extit plan. Short-term financing from 12-18 months.
Closing in as little as 5 business days.
No Document Loan
When you don’t quite qualify at the bank but still want a decent interest rate. You have financials, you have good credit and decent equity with a strong plan. Short-term financing from 24-36 months.
Closing in typically 3-6 weeks.
Low Document Loan
You have great credit and can probably get a loan from any bank you walk in to, but don’t want to be harassed for your deposit business -OR- looking for more options than retail banks offer.
Closing typically in 45-60 days.
Full Document Loan