Red Tower Capital (“RTC”)’s Licensed Cannabis Loan Program provides commercial real estate owners the option to leverage their assets with financing options they would otherwise be unable to get approval for from traditional lenders such as banks or credit unions.
Our Licensed Cannabis Loan Program greatly increases our Borrower’s ability to acquire, improve, and/or repurpose real property associated with the licensed cannabis industry without having to use all cash, which increases buying power and investor returns.
With the continued legalization of cannabis and marijuana across the United States, the need for financing of cannabis properties has increased significantly. Whether you are a licensed cannabis dispensary, grower, product manufacturer, distributor or real estate owner, there is a need for financing.
RTC’s Licensed Cannabis Loan Program offers flexible loan terms of 6, 12, 18, 24, and 36 months. Property types supported include office, retail, industrial, and occasionally, land for future development.
- Purchase financing increases the Borrower’s buying power.
- Allows Borrowers the ability finance expensive tenant improvement costs.
- Owner-user tenants can also qualify.
- Quick underwriting – often as low as 14 days from complete package review to close.
RTC has helped many types of real estate professionals and owners with their licensed cannabis financing needs through refinance and purchase funds for real estate assets with a licensed “green tenant”, which include cultivation facilities, testing labs, dispensaries, delivery services and extraction facilities, etc.
Please contact us to learn more or apply.