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Updated 5 months ago on . Most recent reply

Alex Sinunu's profile image
Alex Sinunu's profile image
Alex Sinunu
  • Lender
  • from Santa Monica, CA
  • Member since Oct 27, 2013
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Alex Sinunu's profile image
Alex Sinunu's profile image
Alex Sinunu
  • Lender
  • from Santa Monica, CA
  • Member since Oct 27, 2013
Connect
Alex Sinunu
  • Lender
  • Santa Monica, CA
5
Votes |
24
Posts
Private Lending & Conventional Mortgage Advice

DSCR Loans on purchase of dispensary

Alex Sinunu
  • Lender
  • Santa Monica, CA
Posted

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

Los Angeles County, California
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