Cannabis Business Purpose Loan Program:
Cannabis loans are available to finance a purchase or refinance on any of the licensed activities including dispensaries, farming, growing, distribution, manufacturing and processing facilities. Due to the scarcity of funding from banks, there is a need for alternative financing when it comes to Cannabis business loans. Mortgage Vintage offers commercial cannabis business purpose loan programs from $100,000 to $2.5mm+ on 1st and 2nd trust deeds.
Lending Criteria & Guidelines:
- Loan Amounts: $100,000 – $3,500,000+
- Property Type: Commercial, Agricultural
- Loan Type: Purchase or Cash-out – 1st and 2nd Trust Deeds OK!
- Loan-to-Value: Up to 60% LTV/CLTV on Refinance; Up to 65% LTV/CLTV on Purchase
- Terms: 1 to 4 years with Balloon – Interest Only Payments (amortization available)
- Occupancy: Owner Occupied and Non-Owner Occupied
- Underwriting: Equity Driven, Bank Statements, No Tax Returns (other docs apply)
- Property Valuation: Appraisal Required
- Interest Rates: 1sts from 11.99% – 2nds from 13.50%*
- Points & Fees: 2+ Points plus Underwriting & Valuation of $2,995+
- Guaranteed Interest: 3 to 6 months
- “Yes, We Can!”: Low FICO – BK – NOD – Foreign National – Self Employed
Why Mortgage Vintage, Inc.?
Mortgage Vintage, Inc. is a direct hard money lender that originates and funds business purpose loans for real estate investors and business owners. All Mortgage Vintage loans must be secured by California real estate. We provide:
- Same Day Term Sheets – Professional Service
- Easy Loan Submission, Quick Turnaround, 7 Day Fundings
- Fast, Flexible and Transparent Loan Process
- Over 30 years Financial Industry Experience
- Funding Based on Committed Terms
- Surety of funding through CrowdTrustDeed’s simple and secure online marketplace
- Se Habla Español
Contact:
Sandy MacDougall – (949) 632-6145 – sandy@mortgagevintage.com