Mezzanine Financing on a Brand New Cannabis Facility

Mezzanine Financing on a Brand New Cannabis Facility

Member since 2022 · 16 posts · 8 votes

Hi all, so I am a new investor and this is my first deal, I have a JV with the seller where he is getting a 1st and 2nd on the property which leaves $9,000,000 left on the property. I am looking to fill that $9,000,000 with mezzanine financing as I want to be able to participate in the equity upside of the deal. For adding the $9,000,000 (which helps her get out of some debt coming due) I will receive 80% of the equity in the property which I will use as collateral for the mezzanine financing. Does anyone lend mezzanine to cannabis facilities or know anyone who does?

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  • Lender · Rosenberg, TX · Member since 2022 · 287 posts · 130 votes
    4y

    I have a lender but you are going to need cash flow.  Established business with cash flow, not a start up.  Hope you find what you are looking for.

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