Bridge Loan
Cannabis Loans - LG340
Cannabis Loans - LG340
Summary of all Guidelines | |
| Loan Types | Bridge Loan |
| Property Types | Cannabis Related |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $500,000 |
| Loan amount Maximum | $10,000,000 |
| Interest Rate Minimum | 8% |
| Points Minimum 1st TD | 1 |
| Points Maximum 1st TD | 1.5 |
| Terms | 1 year, 2 year, 3 year |
| Lien Position | 1st |
| Intended Occupancy | Owner Occupied Business |
| General Pricing or Guideline info | Location: Major Cities in the Western US Loan Amounts: $500K-$10M Financing Types: 1st Trust Deeds Only Property Types: Commercial. We do not lend against agricultural land or greenhouses. Loan to Value: 70% of Market Value Interest Rates Starting at 7.99% Origination Fee: 1-1.5 points for 12 months Term: 1-3 years (Include same term for bridge and construction loans as well) Streit Lending can also provide debt for cannabis related tenant improvements. We fully grasp the complexities associated with cannabis tenancies, for example proper licensing, environmental issues and title insurance among many others and we have successfully navigated these complexities quick and efficient closings. |
| Updated as of | 2023-11-16 |
| Program Code | LG340 |
Location:
Major Cities in the Western US
Loans Amounts:
$500K-$10M
Financing Types:
1st Trust Deeds Only
Property Types:
Commercial. We do not lend against agricultural land or greenhouses.
Loans to Value:
70% of Market Value
Interest Rates
Starting at 7.99%
Origination Fee:
1-1.5 points for 12 months
Term:
1-3 years (Include same term for bridge and construction loans as well)
Streit Lending can also provide debt for cannabis related tenant improvements. We fully grasp the complexities associated with cannabis tenancies, for example proper licensing, environmental issues and title insurance among many others and we have successfully navigated these complexities quick and efficient closings.
These descriptions are limited information and meant for general reference purposes.