Cannabis & Hemp Real Estate Loans
Buying real estate requires a significant upfront investment, but it can lower your business costs over time. When you own property, you don’t have to worry as much about how your area’s real estate market changes. While rent goes up for other companies, you continue paying approximately the same amount each month.
Cannabis and hemp real estate loans make it much easier for businesses to purchase farmland, warehouses, and storefronts. Take control of your property costs by getting a loan that helps you buy the real estate your business needs to meet its goals.
Cannabis & Hemp Real Estate Loans for Farmland
The price of hemp and cannabis land for sale can vary significantly depending on your area and whether the property has been developed. In general, you can expect to pay more for farmland connected to municipal water and power services. Barns, houses, storage, and other features can also influence the cost of cannabis and hemp farmland.
Cannabis and hemp real estate loans for farmland will help you purchase property that meets your business’s needs. Whether you want to buy undeveloped land or a farm that already produces cannabis or hemp, you can rely on a private lender to make real estate more affordable.
Real Estate Loans for 420 Warehouse Space
Indoor grow operations can require significant warehouse space. In addition to warehouse space, you will need to purchase irrigation and lighting systems that improve crop yield.
Green zone warehouse space for sale usually has a higher price than warehouse space in areas that do not allow cannabis grow ops. When exploring warehouse properties, look for options with multiple grow rooms, plenty of storage space, and offices where you can conduct business.
All of these features can add to the price you pay for a warehouse. In the long run, though, they will help make your cannabis cultivation business successful.
Real estate loans for 420 warehouse space make it possible for you to jump-start your cultivation business by investing in property with all of the features you need to compete with other cultivators in your state. Instead of buying the cheap property that doesn’t have the space you need to reduce the risk of disease and maximize your growth potential, you can use a cannabis real estate loan to make warehouse space affordable.
Commercial Cannabis & Hemp Real Estate Loans
The right location can give your cannabis or hemp storefront a better opportunity to make money. Ideally, you want a store or dispensary that consumers see regularly and can access easily. Heavy foot and vehicle traffic makes it more likely that people will stop at your store to buy cannabis and hemp products, which helps your business make the money it needs to thrive.
The best commercial real estate can have prohibitively expensive prices. High demand pushes up prices because other businesses want to use the location to reach their customers.
A high real estate price doesn’t mean you should avoid the property. You should do independent research to make sure the commercial real estate meets your needs, but a higher price often indicates that the property can contribute to your business’s success.
Of course, it’s more difficult for companies to buy in-demand commercial real estate. Cannabis and hemp real estate loans make it possible for you to buy a property that keeps you connected to your customers.
What Can You Expect From Cannabis & Hemp Real Estate Loans?
The details of your cannabis or hemp real estate loan will vary depending on things like your credit history, previous business success, and the size of your down payment. Generally, you can expect private lenders to offer:
- Loan amounts from $500,000 to $25 million.
- Interest rates between 7 and 15 percent.
- Terms between 6 months and 10 years.
Many private lenders will want you to contribute 30 percent of the property’s value as a down payment. Contributing more, however, lowers the lender’s risk, so it can offer you a more favorable interest rate. In some cases, highly qualified businesses that lack funds can get down payment assistance. You will need to show that you have a solid business plan before a lender lets you take advantage of an offer like that, though.
You aren’t restricted to real estate loans that make it possible for you to buy property. Private lenders might also offer:
- Construction loans.
- Refinance loans.
- Equity cash out.
- Bridge loans.
- Rehab loans.
Take some time to learn about your options before committing to a lender.
Find a 420 Real Estate Loan That Meets Your Requirements With 420 Loans
Most businesses turn to banks or credit unions when they need to borrow money to purchase real estate. The cannabis industry doesn’t have that option. Until the federal government changes its laws, banks and credit unions cannot work with cannabis businesses. Many cannabis and hemp businesses even have trouble opening bank accounts.
Private lenders can fill this need in the industry. As you start exploring, though, you will discover that you have a lot of cannabis real estate loan options. Which one can help you purchase real estate without charging more interest than necessary?
That’s where 420 Loans comes in. We connect businesses with private lenders willing to serve the hemp and cannabis industry. Fill out an application now so we can learn about your 420 lending needs. One of our consultants will contact you shortly to talk about the best options for borrowing money to buy green zone real estate.