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  1. #1

    Rural Cannabis-Use Real Estate

    Hello,

    Does anyone here provide acquisition loans for rural cannabis-use real estate (i.e. cultivation operations)?

  2. #2
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Can you do it as just a land loan and not specify cannabis? And justify the usage? Land loans are usually 50% LTV.
    Steve Benjamin
    Professional Business Loans

    1012 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
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  3. #3
    Depending on the type of cultivation, I had a transaction where they were growing cannabis for CBD oil related use. They could also cultivate cannabis for other hemp related uses.

    i would strongly recommend not encouraging them to misrepresent the intended use of the property since that would be fraud and your client may then face default and some liability may come back to you.

    Best of luck. If I can help, let me know.
    Dan Wallace
    SVP
    Enterprise Bank
    National, direct SBA lender
    Fast and creative financing solutions
    970-390-6650
    dwallace@enterprisebank.com

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