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Updated 6 months ago on . Most recent reply

LF lender for cannabis is farm
Shopping for a refinance on an existing farm that is 50%+ paid off and profitable.
Licensed cannabis farm is in California.
Most Popular Reply

- Lender
- Eugene, OR
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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.....