CANNABIS LOANS
There is an extremely bright, lucrative future for the legalized cannabis industry.
We know that thousands of people are continuing to pour into this industry, which shows no signs of slowing its growth. While many industries, such as manufacturing and agriculture, are projected to see significant declines, American cannabis is expected to create more than 250,000 new jobs in the next three years.
Warehouses that might once have been expected to house industrial operations and storefronts intended for boutique retail establishments will instead be filled by a vast array of cannabis-related businesses.
Here at Socotra Capital, we recognize the intrinsic financial value of taking advantage of the opportunities offered by cannabis.
Why is Socotra Capital the premier private money lender on medicinal cannabis investment properties?
If you are interested in buying real estate to lease out to a cannabis operator, give us a call. If you have a client who is looking to start in cannabis—or you yourself are interested—get in touch with us. We can help you find the financial investors necessary to make a play in this emerging market.
At Socotra Capital, we don’t lend on businesses, but on real estate instead. Typically, we lend approximately 50% of the purchase of the real estate.
Medical cannabis is now legal in more than half of U.S. states, and is a booming market.
Cannabis is currently permitted for medical use in 30 states, and has been approved for recreational use in eight, including California and Nevada. Cannabis is anything but a niche industry. In February 2017, Forbes discussed a study that valued the American cannabis industry at $7.2 billion in 2016, and projected that it would grow at a compounded annual rate of 17% over the next several years.
The study projected that medical cannabis sales would grow from $4.7 billion in 2016 to $13.3 billion in 2020, while recreational cannabis sales would grow from $2.6 billion to $11.2 billion in 2020.
We have an experienced understanding of the realities of commercial cannabis real estate, and can help you avoid all too common investment errors.
To secure your investment and ensure that you have contingencies in place, these properties should be functional for uses other than cannabis cultivation or production. Industrial buildings, such as concrete tilt-up, are ideal targets. But no matter what scenario you have in mind, give us a call.
We would love to talk shop and see what we can do to help you bring your plan for cannabis property investment to fruition. We are green friendly, and want to assist where other lenders cannot. At Socotra Capital, we appreciate your business!