| Borrower | Commercial property investor |
| Property | Stabilized commercial building with a cannabis tenant |
| Location | New Jersey |
| Request | ~$500K cash-out |
| Leverage | ~40% |
| Product | Bridge loan |
The problem
Cannabis is federally illegal, so most lenders exclude any property where it's the tenant's use, regardless of the lease.
How we structured it
Low leverage and a stabilized rent roll, placed with a lender that has a policy for cannabis-adjacent real estate. The loan closed.
What this means for you
A cannabis tenant narrows your lender list, but it doesn't empty it.
In a similar spot? Get soft numbers on your deal
Why this deal was hard
Each one links to a full guide on how it gets solved.
Anonymized; amounts may be rounded. Terms as issued by the lender.