September 2024
With its expanded presence in the Mid-Atlantic region, Canna Real Estate Group has continued to develop multiple capital sources designed to service the CRE acquisition and construction financing needs of new cannabis licensees.
While there are traditional senior-debt sources available to established operators, Canna Real Estate Group is also focusing on partnerships with shorter-term acquisition capital and project-specific construction funding. In some cases where a new licensee can demonstrate debt-service coverage while leveraging the imputed value of their proposed property, we have developed sources to do one or both of these models.
Furthermore, we have developed financing programs where we can provide qualified borrowers a short-term acquisition and build-out “bridge” in order to complete the requisite construction for a property Certificate of Occupancy. At this juncture where municipal cannabis regulators have inspected and approved the newly-built facility, we can also source Senior Structured Debt to not only close out the bridge funding but also provide a permanent, asset-based loan program to assure the Borrower of term financing.
While these financing models might not be a perfect fit for all new cannabis licensees, the sound strategies and funding platforms are examples of the ways in which the Canna Real Estate Group helps our clients secure, build and successfully open facilities across cultivation, manufacturing and retail property types.
