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Updated 10 months ago on . Most recent reply

User Stats

66
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46
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Kevin Kite
  • Investor
  • Los Angeles, CA
46
Votes |
66
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

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852
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608
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Mike Grudzien
#2 Creative Real Estate Financing Contributor
  • Lender
  • Eugene, OR
608
Votes |
852
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Mike Grudzien
#2 Creative Real Estate Financing 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
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