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01-04-2022, 02:52 PM #1Member
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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 16k sqft building that sits on 20 acres. Owned free and clear ( No Mortgage).
Business been in operation just over 12 months and is profitable.
Client needs a loan of 700k which would be used to add another 12k sqft to the building.
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:Last edited by Sundance; 01-05-2022 at 12:31 PM.
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