Results 1 to 7 of 7
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07-21-2020, 07:31 PM #1
- Join Date
- Oct 2014
- Posts
- 30
Cannabis Company- Commercial Property Purchase in Alaska
Hello,
I have a client who runs a successful cannabis business that is looking to purchase an additional commercial location. The property and business is located in Anchorage, Alaska.
Purchase price of the location is $500k, borrower can put up to 20% down. This is a debt free cannabis business looking to purchase an additional retail/grow facility.
Owner has excellent personal credit. This is for a family friend so hoping someone can point me in the right direction.
Thank you!
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07-22-2020, 09:01 AM #2
- Join Date
- Apr 2017
- Posts
- 190
Contact us at ecepeda@pacificwest.com or by phone at 939-491-1799. We could assist you in this deal.
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07-22-2020, 10:40 AM #3
- Join Date
- Jan 2017
- Location
- New York, NY
- Posts
- 59
Good Day Cshoke,
My first suggestion is that the merchant should be going to the bank they are depositing to. If he has great credit and a business that is cash flow positive, regardless of it being cannabis they should be taking large consideration in getting a deal done with this depositor.
Otherwise there are a couple ways to attack this option, but without seeing financials and I would advise you to first start off using www.scotsmanguide.com to find private or an alternative lender outside of your traditional avenues
Any questions please don't hesitate to reach out.
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07-22-2020, 10:48 AM #4
- Join Date
- Feb 2017
- Posts
- 3,464
Cshoke, is this a CBD no-THC business? I know a bank that has actually done SBAs with non-THC cannabis facilities, and the owners own some farms themselves. I don't know if they're actively doing SBAs right now, but give me a bit more information and I can send an email over to the bank to make an inquiry.
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07-22-2020, 12:12 PM #5
We would look CRE transactions with minimum of 70% Loan To Value with a minimum loan amount of $1 Million
Jonathan Kohanoff
B.R.E. #01962090
Diamond Business Loans
Beverly Hills, CA 90211
jon@diamondbl.com
www.DiamondBL.com
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07-22-2020, 04:44 PM #6
- Join Date
- Jul 2020
- Location
- brooklyn
- Posts
- 1
I can assist you with putting together a term sheet for your client
shoot me an emailJOHN TINAZ
Founder / CEO
2115 west 6th Street
Brooklyn, NY 11223
D: 1 (917) 544-9548
O: 1 (201) 282-6379
F: 1 (877) 843-8197
www.hybridfunder.com
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08-09-2020, 04:08 PM #7
- Join Date
- Mar 2020
- Posts
- 24
Email us @ Funding@upwisecapital.com as we specialize in Cannabis financing.
https://upwisecapital.com/cannabis-financing/
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