The borrower had a high-interest bridge loan on a cannabis dispensary and needed to get out from under the oppressive monthly payment.
We were able to fund a loan of $1.35MM with a rate of 6.49%.
Cannabis Term loans range from 5-15 years, with a 25 year amortization, allowing borrowers to significantly lower their cost of capital.
And funds can be used to expand operations.
Boulder Equity Partners offers a wide range of loan programs, from low-interest long-term products to quick-close options, bridge loan programs that can be migrated to long-term, and hard money loans. We’d like to help you, too.