The search for real estate is still one of the biggest challenges in opening a cannabisrelated business. Bespoke Financial Group is your solution. With our unique approach to sourcing financing options, we have been able to help numerous businesses secure warehouse, kitchen, lab, grow, processing, and retail property.
We are able to help you with the following:
Looking for a landlord that understands the challenges marijuana businesses face? Here's how Bespoke Financial Group can help.
Bespoke Financial Group understands the challenges marijuana businesses face? Here's how we can help.
Our connection with industry specific relationships and a network of enthusiastic cannabis and hemp lenders, BESPOKE will confidently guide you through the application and underwriting process. Our lending partners are experienced and well capitalized professionals that require a visible repayment strategy, moderate leverage, as well as offering extremely competitive terms and pricing.
We work with investors who are eager to fund in the cannabis and hemp realm.
We help you obtain financing for grow facilities, greenhouses, retail and industrial properties.
Utilize our network of private lenders to obtain the money you need in order to purchase or refinance your existing building. We can get you cash out working capital or use private money - rather than hard money - to own and control your real estate.
Banks and traditional lenders can make it arduous to procure the funding needed to expand or start a business. We realize that in today's regulatory climate, numerous cannabis- and hemp-based businesses need access to working capital. BESPOKE Financial Group is your solution to funding!
There are many opportunities for BESPOKE Financial Group to help.
We are able to provide Business Financing for smaller loans under $250K, our program provides working capital and available lines of credit for cannabis base business, requiring a personal guarantee from the client. This is a vast alternative for startups, or a cannabis or hemp company in need of capital to maintain equity and obtain financing even if they are new to the business.
Each applicant can qualify for up to $200,000 and will receive a pre-qualification within 48 hours!
We offer two comprehensive solutions, contingent upon the size and scope of your equipment requirements. We format to each client individually, based on what fits their criteria.
BESPOKE'S knowledge of the industry and extensive network of private investors helps us deliver solutions to achieve our clients' and partners' financial requirements. We arrange Capital Equipment leases to companies such as manufacturers, processors and growers.
The guidelines below are general and details will vary based on client circumstances.
Option 1 - Equipment Lease to Own:
Option 2 - Capital Lease Transaction:
We offer a bridge loan to borrowers that need to achieve a certain outcome, this type of loan requires a short-term solution in order to get them to their desired outcome, by bridging the gap. Bridge loans and revolving lines of credit are great options, since it provides necessary capital while offering a shorter payback period.
Marijuana businesses take advantage of a bridge loan to modify a piece of real estate to fit their needs or improve it, therefore, increasing the value of the asset. This type of loan carry's a higher risk for a lender, unlike a traditional working capital loan, the ability to repay may be diminished as a result of reduced cash flow. Quite similar to why construction loans from banks carry a higher interest rate than permanent loans: the inherent risk of the project possibly not being brought to completion, along with cost increases and uncontrollable delays.
Much like cash flow-based funding, a revolving credit line exists when a customer pays a commitment fee and is then allowed to use the proceeds as they are needed. It is typically used for operating purposes, which generally fluctuate each month depending on the clients' current cash flow needs.
In cannabis-based businesses, these lines are used to finance everything required for expansion projects, day-to-day operations, and to hold-over reserves until harvest. We have helped connect many businesses with financing sources to move into a new facility, as well as perform tenant improvements and/or when their reduced cash flow would not support their operations between harvests.
We help clients' secure: