Cannabis Financing Update for Q3. Five New Cannabis Lenders Onboarded!
When it comes to cannabis financing for real estate, equipment and operations things are constantly in a state of flux.
We recently highlighted lenders that have exited cannabis lending, but don’t fret, we are on the hunt and finding more lenders every month.
Let’s talk about our new cannabis lenders onboarded in Q3 2025.
New Cannabis Financing Lender Onboarded for New York Operators
Attention New York! We onboarded a cannabis lender that services only New York operators. The great news about this lender is they offer real estate, equipment and asset backed lines of credit for established cannabis operators.
Since they are a credit union their requirements are tight. But those who qualify will enjoy great rates and repayment terms. Note they will require strong personal guarantors and you’ll have to bring over your primary operating accounts.
Two items to note. In most cases they require 90 days of banking with them prior to lending. If you are Green Check Verified they can be more flexible on this requirement.
Cannabis Equipment Financing Program Highlights
- $5K to $250K
- 1 to 5 year repayment terms
- 13% average rate
- Up to 100% LTV
- 3 years minimum time in business
- Minimum 1.2 debt service coverage ratio
Cannabis Real Estate Financing Program Highlights
- $50K to $7M
- 15 year term with 30 year amortization
- 5 year rate adjustments
- 10% to 13% rate window
- Max 65% LTV for plant touching entities (commercial use value)
- Max 80% for non-plant touching entities w/no more than 10% revenue from cannabis clients
- 3 years minimum time in business
- Minimum 1.25 debt service coverage ratio
- No higher than 40% debt to income ratio
Cannabis Asset Backed Line of Credit Program Highlights
- Amount dependent on real estate value
- Real estate must be owned outright
- Must be repaid in full once per year
- 16% average rate
- 1.25 minimum debt service coverage ratio
- No higher than 40% debit to income ratio
Want to see if you qualify? Contact us for a free consultation today.
New Cannabis Merchant Cash Advance Lender Onboarded
This new lender serves cannabis operators in all legal states with unsecured merchant cash advances. These are shorter term loans with daily or weekly paybacks that can be used where there is a lever you can pull to make more money than it costs you. They are fast funding and very flexible in the use of funds.
Cannabis Merchant Cash Advance Program Highlights
- $15K to $1M loan size
- 2 to 12 month repayment terms
- 1 year minimum time in business
- $30K to $40K minimum monthly revenue
- Can get into later positions including 4th and 5th
Want to see if you qualify? Contact us for a free consultation today.
New Cannabis Real Estate Financing Bank Onboarded for California Operators
This one is for you California! This bank will finance cannabis real estate purchases, refinancing and renovations. They will also consider ground up construction but only for very strong applicants. In addition, they will provide a line of credit for cannabis companies but they must be asset backed.
Cannabis Real Estate Financing Program Highlights
- $3M to $5M for plant touching entities
- $3M to $10M for landlords
- 50% max loan to value on commercial use for plant touching companies
- 60% mas loan to value on commercial use value for landlords
- 10 year term for purchase or refinance with 5 year rate adjustments
- 1 to 2 year interest only for renovation or construction that turns into the 10 year with 5 year rate adjustments
- Rate window is SOPHR plus 4
- Minimum 3 years time in business (unless you own other businesses with strong history)
- Require strong personal guarantors
- Require you to bring your primary operating accounts over
Want to see if you qualify? Contact us for a free consultation today.
New Cannabis Financing Lender Onboarded for Rhode Island Operators
Here’s one for you, Rhode Island! We’ve onboarded a credit union that is primarily a real estate lender, but will consider cannabis equipment financing so long as there is some real estate collateral included.
They primarily fund real estate purchases and refinancing but are open to light renovations for strong borrowers. They do not finance ground up construction.
Cannabis Equipment Financing Program Highlights
- $250K to $3M
- 1 to 5 year repayment terms
- 8% to 11% rate window
- Requires 2 years minimum time in business
- Personal guarantors required
Cannabis Real Estate Financing Program Highlights
- $250K to $3M
- 10 year term, principal & interest with a 20 year amortization
- 10% to 13% rate window
- 65% loan to value for operators (commercial use value)
- Up to 80% loan to value for landlords (commercial use value)
- Requires 2 years minimum time in business
- Debt service coverage ratio of 1.3 is ideal
- Personal guarantors required
Want to see if you qualify? Contact us for a free consultation today.
New Cannabis Financing Lender for New York, New Jersey and Pennsylvania Operators
Let’s talk about the greater tri-state area! We’ve onboarded a bank that is focused on financing cannabis real estate purchases or refinancing for existing owners.
They can hit higher financing amounts and offer very low rates and a mid length term with extensions available.
Cannabis Real Estate Financing Program Highlights
- $100K to $30M
- 9 year term with 3 year rate adjustments and 25 year amortization
- 7% to 12% rate window
- 60% to 75% loan to commercial use value
- Will consider startups if strong guarantors with deep experience
- Require bank balance of 1% of the loan amount in non-interest bearing account
- Require personal guarantors
Want to see if you qualify? Contact us for a free consultation today.
That’s it for now. Visit back for an exciting update coming on the cannabis merchant processing side of the house!
