Cannabis real estate loan..700k Needed Against 1.2 Million Collateral
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  1. #4
    Senior Member Reputation points: 71496 Olderguy's Avatar
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    Cannabis Real Estate Loan Guidelines...

    LTV/LTC Up to 65% LTV, not to exceed 75% LTC. No greater than 50% on land!
    Interest rates 9% to 15% interest only
    Loan Term 12 to 24 to 36 months; fixed term or renewable.
    Also 15-year self-amortizing for stabilized properties
    Origination fee 3% to 7% of loan amount depending on the transaction, payable at closing
    Add broker fee of 3% which I split with broker and paid at closing
    Application fee Fee of $5,000 is due with the accepted and signed Letter of Intent. ($10,000 for new construction)
    Minimum loan amount $250,000

    I need a 1003 (real estate loan application) PFS and credit report.
    Last edited by Olderguy; 01-04-2022 at 05:52 PM.
    Steve Benjamin
    Professional Business Loans

    522 Contessa
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    949.228.1050


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