NEED A REAL ESTATE LOAN?
The Covid-19 pandemic, and the resulting economic consequences, is putting all businesses to the test. There is good news, however. We work with a network of non-bank, private lenders who are still funding new transactions using non-dilutive debt capital. This will be particularly good news if, like many real estate owners and cannabis entrepreneurs, you’ve recently had lenders back away from funding your new project. Borrowers must have hard assets, such as real estate.
Here are some details on our Cannabis programs:
Real estate loans from $500,000 to $10,000,000:
· Up to 70% loan to value
· Rates up from 11-15%, non-dilutive
· Points negotiable depending on loan specifics
· Uses of proceeds: Includes construction, renovation, cash-out for working capital, and refinance
· Available for all construction types, with hybrid greenhouses at lower advance rates
· Available in any state where cannabis is legal
· Full personal recourse to the ownership group, with some exceptions depending on the ownership structure
Real Estate Bridge Loans ( non-cannabis) of $500,000. To $30,000,000 :
· Up to 100% loan to cost (construction/renovation) or 75% loan to value on existing, completed buildings
· Rates up from 7-13%, non-dilutive
· Points negotiable depending on loan specifics
· Uses of proceeds Includes construction, cash-out for working capital, and refinance
· Available for all construction types, including hybrid greenhouses
· Available in any state where cannabis is legal
· Full personal recourse to the ownership group, with some exceptions depending on ownership structure, ( non-recourse available with bad boy crave outs on a case by case basis)
Please contact us, and let our team of experienced commercial lending officers walk you through the process.
Be Well and Stay Safe,
Beth [email protected]
www.b2solutionsgroup.com