Cannabis Funding
Are you a Distributor, Grower, Dispensary, Edible Company, Testing Lab or Cultivator? Or ever wanted to get in the Cannabis Business? Well, you are at the right place.
Cannabis program provides One-Stop-Shop financing:
Real estate or Land, for the actual business, the Dispensary and Equipment.
Regardless if you are purchasing or already own the land or property and need to do a refi/construction or refi/rehab, got you covered.
Funding for the Real Estate or Land: Provides financing for the land, lab, warehouse or any other retail space to sell your cannabis products.
Funding for the Cannabis Business: Financing a cannabis related business can be stressful because most funding sources provide funding for the real estate only leaving you to search for funding for the actual business.
Funding for the Cannabis Equipment: You need Cannabis Equipment to extract, transport, process, package and distribute your cannabis products in a professional and timely manner so getting enough funding for the equipment is very important.
Loan Amounts:
$50k to $50M
LTV Refinance Up to 70% ARV Funding:
As soon as 10 Days
Term:
12mos to 36mos
Rates:
9% to 15%
LTV:
Purchase Up to 90%
Cannabis Loan – Checklist
- 2yrs Recent Personal & Business Tax Returns (all pages)
- 3 months Recent Bank Statements (all pages)
- Agreement of Sale (if purchase)
- Articles of Incorporation, EIN & signed Operating Statement
- Business Debt (See Attached)
- Business Plan with Executive Summary
- Contractor’s Budget (See Attached)
- CD Contact Form (See Attached)
- Disclosures (It will be emailed to you)
- Driver’s license or State ID. (Must be color for verification purposes)
- Payoff (If refinance)
- Personal Financial
- Statement (See Attached)
Social Security card - Track Record & REO Form (See attached)
Here are the steps moving forward
1. Subject Property Address in Subject Line when sending back the documents.
2. Budget of project, purchase price, or Loan Amount.
3. After Repair Value if Fix and Flip or Current Value if DSCR / Refinance
4. Down Payment -Bank Statement or Statement for down payment if applicable.
5. Check your credit scores here: / send or upload a copy of the report and all scores.
6. Please send me a copy of your credit report with scores and the attached documents.
7. Please see the attached loan application, credit authorization and all documents needed to move forward.
Send all documents on checklist to:info@myfundingmentor.com
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