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Mortgage and Sale – Leaseback Financing for Cannabis Operations
The cannabis industry in the United States is growing rapidly, but access to traditional banking and financing options is still limited due to federal regulations. As a result, many cannabis companies are turning to alternative financing options, such as mortgage and sale-leaseback financing. When it comes to financing for cannabis operators, the benefits of these options are many, and they are...
Rainbow Realty Group completes $4.50 million loan to Denver Colorado based Cannabis Real Estate Portfolio
NEW YORK, March 30, 2023 /PRNewswire/ -- Rainbow Realty Group II, LLC ("Rainbow") and MJ Real Estate Investment Trust ("MJ REIT"), nationwide owners and lenders of real estate to the US cannabis industry, today announced the closing of a loan, cross-collateralized by 5 properties in Colorado. The properties are owned and operated by the principals of Silver Stem Fine Cannabis and are located in...
Rainbow Realty Group completes $11.5 million loan to California real estate portfolio
NEW YORK, Feb. 9, 2023 /PRNewswire/ -- Rainbow Realty Group II, LLC ("Rainbow") and its affiliates announced the closing of a senior mortgage cross-collateralized by 4 properties in Santa Barbara County, California. The properties are owned and operated by one of the largest farming, cultivating, manufacturing, processing, and distributing cannabis companies in California. Rainbow Realty Group...
A Close Look at What Makes Finding Capital Difficult For Cannabis Businesses
All business enterprises need funding to grow, and cannabis businesses are no exception. Since the past few years, the cannabis industry has been burgeoning, facilitated by its recent legalization (either for medicinal or recreational use, or both) in several states. This has provided amazing opportunities for cannabis businesses to expand and grow their operations. Yet, many have had to pass up...