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01-04-2022, 02:41 PM #1
- Join Date
- Feb 2021
- Posts
- 21
Cannabis real estate loan..700k Needed Against 1.2 Million Collateral
Can anyone help me with this?
I have a client that owns a Class C Indoor Medical Cannabis growing facility in Chase Michigan.
Client owns a 16,000 sqft building that sits on 20 acres of land. Owned free and clear ( No Mortgage).
Business been in operation just over 12 months and is profitable.
Client is looking for 700k against the building which would be used for growth and expansion.
Building estimated value: 1.2 million. Fico: 700-800. Client would like to have a loan with min 3yr term.
Loan amount requested: 700k, Client is seeking a loan against the real estate ONLY.
Any help would be greatly appreciated: PM with contact info if interested
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