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  1. #1
    Senior Member Reputation points: 7360
    Join Date
    Aug 2015
    Location
    Boulder, CO
    Posts
    755

    Cannabis Real Estate Loans 6.49% APR

    Hi Guys,

    It has been quite a while since I posted here, simply because we are so overwhelmed with deals.

    But I just wanted to make a quick announcement that we recently started funding Cannabis Real Estate (Dispensary, Warehouse/Light Industrial Growers).

    Rate is super low for this asset class (6.49%).

    This is a long term, traditional real estate loan 5-15 year term, principle/interest payments.

    We are refinancing a lot of expensive bridge loans into our lower rate, and providing cash out for expansion.

    Feel free to reach out should you have any prospects that might be a fit.

    Best,

    Dan Page
    Dan@BoulderEquityPartners.com
    (303) 938-8280
    www.boulderequitypartners.com

  2. #2
    I get these requests, what are your submission requirements?

  3. #3
    Senior Member Reputation points: 7360
    Join Date
    Aug 2015
    Location
    Boulder, CO
    Posts
    755

    Hi and thanks for your question. I have a simple, three step process.

    First is to simply gather some high level information about the subject property and the borrower. I have a brief list called "Property Questions". If you email me at Dan@BoulderEquityPartners.com I will send that to you. If all looks good upon our preliminary review, I will issue a Conditional Loan Approval. Along with that approval, I will request some documents (application, credit authorization, etc.).

    Second Step: When we receive the requested docs, my team will dig in and pre-underwrite the file. Assuming the information provided supports the initial "Property Questions" and the numbers look solid, we will issue a formal Letter of Intent (LOI).

    Third Step: The borrower returns the executed LOI and wires the deposit for third party costs (appraisal, legal, title, etc.). Typical close time from this stage going forward is 30-45 days.

    NOTE: This process is pretty quick and can be done in less than a week. The reason we pre-underwrite the is that I don't want to take anyone's deposit until I am confident the loan request will fund.

    Hope this helps - Dan

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