Real Estate Dispensary Loans
Dispensary business owners
rely on us to help them with many real estate dispensary loan scenarios including a building purchase for their new dispensary or new location. Or maybe you want to build new construction using land already owned. We can also help you purchase land or help you refinance or obtain an equity loan against the land.
Others want to refinance
their current commercial building to get better rates and terms. We also have realty refinance with cash out options
or straight cash out of properties for dispensary loans.
Many of our dispensary owner clients want to be vertically integrated by starting their own grow and/or processing operations
which requires a construction or building acquisition dispensary loan and we have favorable rates and terms for each.
For real estate dispensary loan terms
, we provide a short-term 2-3 yr interest only loan or a longer term 10 yr fixed option. Pre-qualify
for a real estate dispensary loan and get funds to grow your business!
Real Estate Purchase Dispensary Loans
To qualify for a dispensary loan for a commercial real estate purchase
, you will need income to support the monthly payments on the loan and provide a sufficient down payment if it is an acquisition.
Our Loan to Value (LTV)
for building purchases is typically 60-70% meaning we loan 60-70% of the value of the property with the remainder required as a down payment. In some instances, we can lend as high as 80% LTV on a dispensary real estate purchase. Other lending criteria considered includes personal credit history and a review of your assets and liabilities.
Real Estate Refinance Dispensary Loans
To refinance an existing dispensary or other commercial property
, we use the same LTV range of 60-70% with comparable lending criteria as the purchase scenario. Our rates and terms are very competitive.
Real Estate Equity Dispensary Loans
To get cash out of your dispensary property
(or other commercial property) in the form of an equity loan, we will provide you with 60-70% LTV minus the amount you owe on the property. For example, if you own a property valued at $1M, and you owe $400k on your existing mortgage(s), at 65% LTV, we would lend you $1M X 65% or $650,000 - $400,000 for a total of $250,000.
Construction Dispensary Loans
To qualify for a dispensary construction loan
, the same rules apply as for the purchase scenario however the LTV is based on the Cost of the project rather than the Value of the property and is expressed as Loan to Cost (LTC). The LTC is the loan amount we will provide in relation to your construction costs.
We require a detailed construction budget
to determine your overall cost for your dispensary construction project and if approved, provide a loan amount to your company 60-70% of that construction budget. The remaining budget cost will be required by your company. Terms are typically 2-3 years.