FUND 4
The company specializes in financing the construction and conversion of properties for the cannabis industry. With an average loan-to-value (LTV) ratio of 46%, they are able to offer a substantial premium compared to traditional real estate debt providers, with an average weighted note rate of 15.3%.
What sets them apart from other lenders are three significant advantages they offer to cannabis real estate owners and owner/operators:
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Efficient Processing: The company stands out by processing construction draw requests in just 1-3 days, ensuring a quick turnaround time for their clients.
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Comprehensive Financing: They simplify the financing process by providing a single agreement that covers the financing needs of the entire project, streamlining the administrative aspects for their clients.
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Industry Expertise: Recognizing the unique requirements and dynamics of the cannabis industry, the company possesses specialized knowledge and understanding, allowing them to cater specifically to the needs of cannabis real estate owners and owner/operators.
INCEPTION
2018
AUM
$242.6 MILLION
as of Q4 2021
PAYMENT FREQUENCY
MONTHLY
ANNUALIZED RATE OF RETURN SINCE INCEPTION
13.02%
TARGET RETURN
12%
IRR Target Yield
FEES & EXPENSES
1%
Management fee. The manager will not take a portion of the profit but will earn 25% to 100% of operating fees associated with the fund.
FINANCIALS
AUDITED