With the legalization of recreational Marijuana this past year, the city of Denver has exploded with the entrepreneurial spirit!
We have funds for real estate deals in this business that allows growers to purchase buildings. We have also done real estate loans to the dispensaries that sell weed. There are finance companies here that finance the equipment and build out of these thriving business. Some owners are already selling out for millions after being in business for only 12 months.
Our loans are 65% of the value of the building and we go out 2-5 years on the note.
We only make loans to operators who are licensed and have good books. Most of the applicants have no money, business plan or a clue. We think they are taking too much of the medication. We do not loan out of state, sorry Washington. For more info on our private loans, go to: www.tristatemortgage.net
I'm always here to answer other lenders and brokers questions at: 877-369-5950