Lev Secures $41.5 Million in Cannabis CRE Financing Across the U.S., Breaking Down Barriers to Federal Loans in the Market
Lev, a commercial real estate financing platform, has successfully closed over $40 million in cannabis CRE loans and has an additional $50 million in the pipeline. The company’s unique technology facilitates faster loan closures and competitive funding in the complex cannabis market. Recent transactions include a $16.8 million loan in Massachusetts and a national portfolio deal worth $15 million. Lev aims to provide optimal pricing, with interest rates starting at 4.5%, showcasing its ability to navigate regulatory challenges effectively.
- Closed over $40 million in cannabis CRE loans.
- Additional $50 million in the pipeline for future funding.
- Interest rates as low as 4.5%, offering competitive pricing.
- Successfully closed a $16.8 million loan in Massachusetts.
- Established ongoing lending relationships benefiting banks and investors.
- None.
In a highly regulated industry full of red tape, Lev is leading the commercial cannabis boom, helping clients to close quickly with funding from federal institutions
NEW YORK, Aug. 17, 2022 /PRNewswire/ -- Lev, the commercial real estate (CRE) financing platform, today announced the completion of over
Thanks to its unique technological backbone and trusted relationship with federal lenders, Lev is able to secure competitive funding across a network of banks–an anomaly in the current lending environment for legal cannabis businesses, subsequently establishing an ongoing lending relationship where both the bank and investor benefit.
A portion of the deal locations include Sacramento, CA, Denver, CO, Tempe, AZ, and Lakeville, MA, including a loan of
According to Bryan McLaren, CEO of Zoned Properties, the real estate development firm that closed a debt financing deal on its Tempe, AZ property, "By working with Lev, we were able to close quickly and secure an initial debt facility of up to
"We've worked hard to build our relationships with federal banks at Lev and it's paying off," said Yaakov Zar, Founder and CEO of Lev. "The cannabis CRE market is notoriously tricky–different states have different regulations and closing a deal can be complicated. Intricate processes like this are where Lev's technology truly shines. We've reached the point where we've acted as consultants for federal banks considering entering the market, and I can only see our role in the industry continue to grow from here."
In addition to a speedy loan close, Lev has managed to offer optimal pricing and the lowest interest rates in the market with rates as low as
Zoned Properties is a leading real estate development firm for emerging and highly regulated industries, including regulated cannabis. The company is redefining the approach to commercial real estate investment through its integrated growth services.
Headquartered in Scottsdale, Arizona, Zoned Properties has developed a full spectrum of integrated growth services to support its real estate development model; the Company's Property Technology, Advisory Services, Commercial Brokerage, and Investment Portfolio collectively cross-pollinate within the model to drive project value associated with complex real estate projects. With national experience and a team of experts devoted to the emerging cannabis industry, Zoned Properties is addressing the specific needs of a modern market in highly regulated industries.
Zoned Properties is an accredited member of the Better Business Bureau, the U.S. Green Building Council, and the Forbes Real Estate Council. Zoned Properties does not grow, harvest, sell or distribute cannabis or any substances regulated under United States law such as the Controlled Substance Act of 1970, as amended (the "CSA"). Zoned Properties corporate headquarters are located at 8360 E. Raintree Dr., Suite 230, Scottsdale, Arizona. For more information, call 877-360-8839 or visit www.ZonedProperties.com.
Lev is the digital commercial real estate financing platform offering fast, transparent access to capital from the world's leading financial institutions. Having closed
Media Contact:
lev@haymaker.co
View original content to download multimedia:https://www.prnewswire.com/news-releases/lev-secures-41-5-million-in-cannabis-cre-financing-across-the-us-breaking-down-barriers-to-federal-loans-in-the-market-301607365.html
SOURCE Lev
FAQ
What recent financing deals has Lev completed for cannabis properties?
What are the key locations for Lev's cannabis CRE loans?
What is the interest rate offered by Lev for cannabis loans?
What is the significance of Lev's technology in cannabis financing?