DSCR Loans on purchase of dispensary

[Alex Sinunu]

Hi, I'm exploring the purchase (less than $1million) of a cannabis dispensary in Southern California. The building is currently owned by a reputable cannabis retailer, so the sale would be a sale/lease back. They are offering lease terms with a cap rate in the 12-14% range. My hope is to finance 50% of the purchase. There are a few banks that offer lending, but the terms are terrible. Are there any DSCR lenders that work in this arena? -Thanks, Alex