Nov. 20, 2023

386: Lending Against Cannabis Facilities Is A Lucrative Business

386: Lending Against Cannabis Facilities Is A Lucrative Business
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As equity investing in Real Estate has gotten increasingly risky, debt investing has grown rapidly in appeal. One asset class in particular that’s especially lucrative is Specialty Lending against the development of cannabis cultivation facilities. There are currently 27,000 cannabis facilities in the U.S. and the number is growing. Rob Sechrist, Co-Founding President of Pelorus Capital Group, a cannabis-use Private Mortgage REIT, has conducted $500,000,000 in transactions since 2010, which makes him one of the top three lenders in the country. Pelorus provides value-add bridge and stabilized financing to borrowers with first lien positions and has generated excellent returns for retail and institutional investors.