Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Followed Discussions Followed Categories Followed People Followed Locations
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

69
Posts
46
Votes
Kevin Kite
  • Investor
  • Los Angeles, CA
46
Votes |
69
Posts

LF lender for cannabis is farm

Kevin Kite
  • Investor
  • Los Angeles, CA
Posted

Shopping for a refinance on an existing farm that is 50%+ paid off and profitable.

Licensed cannabis farm is in California.


Most Popular Reply

User Stats

2,082
Posts
1,375
Votes
Mike Grudzien
#2 Short-Term & Vacation Rental Discussions Contributor
  • Lender
  • Eugene, OR
1,375
Votes |
2,082
Posts
Mike Grudzien
#2 Short-Term & Vacation Rental Discussions Contributor
  • Lender
  • Eugene, OR
Replied

Kevin,

That's a very vague and brief appeal.
What product is being refinanced?  Mortgage? Private money loan?
Indoor or outdoor pharm?
How many years in operation?
What assets: real estate/land, buildings, water rights, licenses?
What is 50% paid off?  The land?  The equipment and infrastructure?
If indoor: are you running LEDs or hot, expensive old school lights?
If outdoor: open field or hoop houses?  Are you running light dep for 3 crops/year?
What is your ask?  What amount do you need for a loan? $10k or $10mm?
Well, that's enough for starters.
Mike
p.s.I'm a kid from Chicago that goes back 50+ years in the cannabis industry.....

  • Mike Grudzien
  • Loading replies...