Benzinga: Cannabis Commercial Real Estate Is Complicated; Pelorus Equity Group Is Changing That

July 15, 2021 2 min. read

Pelorus CEO Dan Leimel told Benzinga that his firm has seen a sizable uptick in the number of cannabis operators and property owners looking for more streamlined ways to finance their new construction and improvement projects, along with a noticeable influx of mainstream investors entering the commercial real estate space in cannabis.

Read the full article on Benzinga.

About Pelorus Equity Group
Pelorus Equity Group (“Pelorus”), the leading provider of value-add bridge commercial real estate loans to cannabis businesses and owners with cannabis-related real estate, and its Pelorus Fund, a private mortgage real estate investment trust (“mREIT”), are changing the commercial real estate lending landscape in the cannabis sector. Pelorus Fund offers a range of innovative transactional solutions to address the diverse needs of real estate investors and portfolio managers, and its flexible acquisition and bridge lending programs are the direct result of the firm’s involvement in more than 5,000 transactions of varying size and complexity. Since 1991, Pelorus’ principals quickly understand an opportunity, structure a logical solution and execute a timely close and have participated in more than $5B of real estate investment transactions using both debt and equity solutions. To date, Pelorus has completed 63 commercial real-estate loan transactions and deployed more than $350 million to cannabis businesses and real estate owners, comprising of more than 3,200,000 sq. ft. in eight states across the U.S. With the ability to fund approved construction draws for reimbursement in an average of one to three days and a single agreement covering the financing of the entire project, the Pelorus Fund helps to stabilize cash flow for its clients, so they are able to remain focused on their core business goals and objectives. 

Pelorus Equity Group Media Contact
Ellen Mellody