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FINANCING FOR CANNABIS PROJECTS

CannaMLS ID: 3320
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Price: $20,000,000

Listing Details

Listing Category
Other

License Status
Conditional use permit granted
License application submitted
Provisional license granted
Municipal / local license granted
State / annual license granted

Price: $20,000,000

Listing Status: For Sale

We are an experienced cannabis lender with $20,000,000 ready to deploy into exciting finance opportunities with strong operators. If you are a licensed cannabis company and need capital for growth, expansion, or construction, please hit the "contact" button above and send us a summary of your project. 

The types of projects we are most interested in include:

  • Sale-leaseback of licensed retail, distribution, manufacturing, and indoor cultivation facilities
    • We will look at deals in any state where cannabis is legal
    • Typical deal size is $1M - $5M
    • We will pay you cash for the appraised value of the real estate (no egregious cannabis premiums or green-zone tax)
      • You can use this cash for construction, working capital, refinancing debt, etc
    • We will then lease the facility back to you and become your landlord
      • Standard terms: 10-year lease at a 12%+ cap rate with a standard collateral package and buyback option
    • We are not interested in outdoor cultivation or greenhouse facilities at this time 
       
  • Term loans secured by assets like real estate and equipment 
    • We are looking for over-collateralized loans secured by real property
    • Typical terms are 2-4 year loans at a 12-15% interest rate 
    • Personal and corporate guarantees are typically required in addition to a standard collateral package

 

Detailed messages will always receive a faster response! To qualify for financing quickly, please include:

  • A brief summary of your project including what the company does, where the business is located, and what you will spend the capital on
  • Financial information such as trailing or projected revenues, how much capital has been invested in the business so far, and if the business has any other debt 
  • An overview of any assets the business owns (or is looking to purchase) including real estate, equipment, and vehicles


Listing Details

Listing Status
For Sale

Location
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming, US Protectorate

Date Listed For Sale:
2/6/2020

Date Last Updated:
2/23/2022

Property Details

Pricing Details

Listing Price
$20,000,000

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*CannaMLS is an independent listing service and does not offer legal, tax or regulatory advice. CannaMLS is not a real estate brokerage and is not advertising any properties for sale in any market. All listings that advertise real estate are posted by third parties who are responsible for compliance with all real estate regulations. CannaMLS does not guarantee the authenticity or value of any listings, assets, buyers, sellers and/or brokers on the company’s website. By listing or interacting on CannaMLS.com you agree to indemnify and hold harmless CMLS Technologies LLC, and its owners, employees, agents, and affiliated companies from any civil or legal claims that may arise as a result of you transacting with users or assets on the site.