Borrowers

When real estate is your livelihood, you don’t often have time to wait the time it takes for traditional financing methods to be completed. And that’s if everything is in order and fits neatly into the institution’s box of requirements. The title is clean. The property is pristine. There are no liens placed on the property.

At the Pelorus Equity Group, we know that it’s difficult to find those kinds of properties, especially for investors. That’s why we specialize in transactions that need creative, specialized solutions in order to close quickly. Whether it’s to save a purchase transaction or a complex transaction requiring multiple special requirements to satisfy legal issues with partners, spouses or existing lender situations, we can provide solutions to expedite the close. We have first hand experience and know how to successfully negotiate a structure that is amenable for all parties involved, even in the most adversarial situations.

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Loan Product Overview

Pelorus, through its affiliated Pelorus Fund, specializes in cannabis-related high yield commercial real estate lending. Pelorus offers short term (12 to 36 months), senior loans secured by stabilized and value-add (consolidation, ground-up construction, rehab, renovation, build-out, tenant improvement and FF&E purchase) cannabis-related commercial real estate.

Lending criteria:
  • Loan size
    • From $1,000,000 up to $10,000,000, and above on a case by case basis.
  • Location
    • Nationally where Cannabis is Medically legal.
  • Rates
    • Pricing varies and is determined case by case.
  • Max LTV
    • 65% (70% case by case)
  • Terms
    • 12-36 Months
  • Property Types
    • Industrial, Warehouse, Retail, General Commercial, Mixed Use, Office