Recent Loans/Terms
Here are recent loans closed by HEF Finance:
$19 million Multi-phase construction loan for improvement and completion of multi-state locations including Casa Grande AZ, and Pahrump, NV
Michigan based indoor grow facility construction loan $1.1M
Colorado-based greenhouse Marijuana grow real estate and business acquisition loan $2.3M
$200,000 line of credit to marijuana testing lab in Chandler, AZ
$10M business loan to cannabis publicly traded company
$2.3mm acquisition/cash-out combo loan on indoor/outdoor grow Oklahoma (arguably the hardest state in the union to transact even normal everyday real-estate transactions)
$900,000 Cannabis Property Cash our Refi
2mm cross collateral cash out refi/ cultivation. Colorado
1.2mm cross collateralization cash out/ green zone. Michigan
RECENT TERMS OFFERED
$40M Credit Facility for Crypto Miners for Publicly traded company
150mm specialty finance( crypto) / publicly traded co.
23mm cannabis construction= Arizona
6.65mm Merger loan=Oregon
3.25mm acquisition loan=Michigan
1mm signature loan=Michigan
980k cash out/cannabis property=Michigan
1800mm cross collateralization loan-Colorado
800k signature loan-Michigan
1.3m cash out refi=California
$5.2MM Adelanto Construction Loan
$8MM Arizona Construction loan Cash out Combination loan
24mm balance sheet loan. Publicly traded cannabis co.
12mm asset loan. Crypto mining/ private co
17mm expansion loan. Crypto mining/ Publicly traded co.
Activity for the summer 2022
New terms
3mm indoor grow acquisition /Michigan
5.2mm full construction loan dispensary/ Michigan
800k completion construction indoor grow/Michigan
240k expedited real estate loan outdoor grow/Colorado
850k expediated real estate loan indoor grow/Oregon
5.2mm refi indoor grow/Oklahoma
5mm construction indoor grow, cross collateral /Michigan
2mm refi/ completion construction/ Oregon
3.5mm construction loan/Oklahoma
440k cash out refi/ New York
4.1mm indoor grow/dispensary acquisition/ Colorado
2.5mm term loan for hemp products distribution company/Arizona
1.5mm dispensary acquisition/ Oregon
2.25mm term loan( non-cannabis medical)
1.6mm term loan/ dispensary / Michigan
800k completion loan/Michigan
240k expedited real estate loan/Colorado
15.8mm debt restructure public company/ California
Closings:
Recent Posts
How to find a loan for your cannabis business?
The underserved cannabis industry, as it pertains to financial services, is a minefield to be navigated only by the intrepid and savvy. The dearth of lending options in the cannabis sector, and banking options, make it uniquely difficult to obtain debt financing. And there is no shortage of pitfalls and misleading brokers.
+ CONTINUE READINGFact or Fiction: Cannabis Equipment Leases at 5% APR
Recently, in our survey of the online content the cannabis lending industry, we found examples of claims about cannabis equipment leasing rates that made us cringe, and to be honest, chuckle. One example, was a cannabis equipment leasing web page that touted the following highlights of their cannabis equipment lease program:
+ CONTINUE READINGCan I get a loan for my Cannabis Startup business
At HEF Finance, we get this question usually a few times a week. And, we always say that we have executed many loans for startups and pre-revenue companies for public and private companies in both the U.S. and Canada. That said, like all cannabis loans, the business needs certain ingredients to execute a loan successfully.
+ CONTINUE READING
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