Cannabis Funding
Green Source Capital LLC is pleased to announce our new program to fund acquisition or cash out refinance first-mortgage-secured loans on Colorado warehouses and dispensaries with marijuana tenants.
Loan Terms
- Loans from $500,000 to $3,000,000
- First-position mortgages only
- Loan-to-value (LTV) ratios up to 60%
- Interest rate of 12%
- Loan origination fees from 4% to 5%
- Loan terms from one to three years, with renewal options possible
- Loans for acquisitions and refinances (including cash-out refinancing)
- Personal guarantees required