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  1. #1
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    Who Are The Cannabis Lenders In MCA??

    have been getting lots of loan requests from people in the cannabis industry lately. Who are some good lenders that work with this industry?

  2. #2
    Hi, Yellowstone Capital does cannabis lending. Feel free to shoot me and email or give me a call

    Ncruz@yellowstonecapllc.com
    646-774-3300

  3. #3
    Senior Member Reputation points: 50566 ADiamond's Avatar
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    Quote Originally Posted by Red View Post
    have been getting lots of loan requests from people in the cannabis industry lately. Who are some good lenders that work with this industry?
    TVT Capital approaches Cannabis deals just like any other deal, they are not a restricted industry for us.

    PM me for more info if you're interested - I'd love to do something here with you.
    Anthony Diamond
    Underwriter

  4. #4
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    we tried this route with several who claim to do it and all that came back was a decline reason and if an offer came back, it was some ridiculous small amount and uber high rate which the owners laughed and rejected.

  5. #5
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    Credit Cash has whole division specifically for the devils lettuce

  6. #6
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    What is a Uber High Rate ?

    They are Paying 1.45's and Up all day. Maybe a 1.42 at a 1st Position. but Laugh right back at them. Whats Funny? Pay it or Dont.

  7. #7
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    unique funding solutions has funded a few of these

    shoot me an email if you'd like irving@ufsfunding.com
    Irving Winograd
    Unique Funding Solutions
    646-460-3139

  8. #8
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    Quote Originally Posted by ryan $ View Post
    What is a Uber High Rate ?

    They are Paying 1.45's and Up all day. Maybe a 1.42 at a 1st Position. but Laugh right back at them. Whats Funny? Pay it or Dont.
    The owners of these places think they deserve special treatment when they arent allowed to even have bank accounts yet lol
    Joseph Boyle
    Skyline Funding
    Joseph@Skyline-Funding.com

  9. #9
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    That's just the problem with this industry. While we technically do not have them on our restricted list, they often times expect/want a far greater amount than we can reasonably offer...especially because a lot of them are still operate heavily with cash transactions.

  10. #10
    Quote Originally Posted by Red View Post
    have been getting lots of loan requests from people in the cannabis industry lately. Who are some good lenders that work with this industry?
    River funds cannabis

  11. #11
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    We fund them ALL the time. Recently did a few large lighting and related to that industry files. We fund so many i think i'm getting a contact HIGH ....
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  12. #12
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    Quote Originally Posted by Red View Post
    have been getting lots of loan requests from people in the cannabis industry lately. Who are some good lenders that work with this industry?
    Cash Capital (www.cashcapital.com), 302-232-8233. Ask for Wesley

    Fundkite (https://fundkite.com), 929-999-5400. Ask for Anna

    Kings Cash Group (www.kingscashgroupllc.com), 212-659-6226. Ask for Bruce

  13. #13
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    Quote Originally Posted by JMB View Post
    The owners of these places think they deserve special treatment when they arent allowed to even have bank accounts yet lol
    $5K offers at 1.49 over 3 months isn't what they are looking for. credit cash has a better program but specific guidelines who they want to work with in that space. eventually, once the feds get onboard, maybe some better terms and rates will emerge in the mca space.

  14. #14
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    Quote Originally Posted by fundingsmbs View Post
    $5K offers at 1.49 over 3 months isn't what they are looking for. credit cash has a better program but specific guidelines who they want to work with in that space. eventually, once the feds get onboard, maybe some better terms and rates will emerge in the mca space.
    Yes but federally they can be shut down at anytime so they have to realize the reason for high rates short term, kinda have to sell them on that then hope for the best with the offers
    Joseph Boyle
    Skyline Funding
    Joseph@Skyline-Funding.com

  15. #15
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    I think everyone is getting flooded with Cannabis requests. Half the time it’s some bro in this moms basement looking for $2M for a grow operation that he swears is going to net at least $500 Trillion.

    Many of the dispensaries will operate under a business name and bank accts that look like a different type of industry “John Doe Contracting LLC”. This industry is so cash intensive that they do whatever they can to get it deposited into bank accts. If you’re a dispensary owner you most likely carry a gun or have body guards - and for good reason. Even if you don’t carry the cash, some dumbass will assume you do.

  16. #16
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    Half the guys cant feel their feet in that space...however some are doing well enough for us to have built a substantial portfolio in the MJ space.
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  17. #17
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    Snoop Dog can help. www.casaverdecapital.com
    Last edited by fundingsmbs; 06-07-2018 at 02:28 PM.

  18. #18
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    WGF use to do the biggest ones at a super low rate 1.32 paying 5 points. too bad they arent funding right now...

  19. #19
    ML Factors does a lot

  20. #20
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    Quote Originally Posted by MCABroker View Post
    WGF use to do the biggest ones at a super low rate 1.32 paying 5 points. too bad they arent funding right now...
    Maybe that's why they aren't funding. We got cut off from Everest after we targeted our marketing to MMJ for a while. To many deals that were MMJ funded in a short period of time, which then translated to too many defaults 4 months later. Almost all of them default because they are hands-down the worst businessman I have ever seen.

  21. #21
    What is your maximum funding for Cannabis? Can you go to$1,5MM if banks and tax returns support that?

  22. #22
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    Cresthill Capital funded so many i am concerned about failing a contact high cannabis drug test...
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  23. #23
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    Quote Originally Posted by DeanR View Post
    Cash Capital (www.cashcapital.com), 302-232-8233. Ask for Wesley

    Fundkite (https://fundkite.com), 929-999-5400. Ask for Anna

    Kings Cash Group (www.kingscashgroupllc.com), 212-659-6226. Ask for Bruce
    we called some of these and they said they were NOT funding cannabis.

  24. #24
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    WE HAPPILY FUND THEM! and will be funding all day long today !
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  25. #25
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    what terms rates and guidelines do you have for them. are these 3-4 mo term deals?

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