California Cannabis Financing 2017-08-28T19:20:13+00:00

California Cannabis Financing

California Lending for Commercial Hard Money Loans under $2.5M

Do You Have A Project We Can Help With?

Mortgrates.com is a direct lender to the California Cannabis market.  We offer specific niche loaning services for property owners as well as prospective purchasers looking for accessibility to exclusive funds to operate in the Cannabis Industry.  Mortgrates.com could help in acquiring a fast financing at affordable prices.  We have what you need from a bridge loan to complete a construction project or a need short term equity refinance.  What do you need?  We can make it happen.  Mortgrates.com exclusive funding resources can fill in the voids where conventional banks, as well as various other private money resources end.  Offering fast financing of 1st and 2nd trust deeds varying from $250K- $2.5 M+.  Due to the Federal legitimacy of the Cannabis Industry, institutional funding is not commonly offered; therefore, ‘Hard Money’ financing is the most common type of property financing offered in the Cannabis Industry.  ‘Hard Money’ financing is asset-based financings where a debtor obtains funds secured by real estate.  The credit worthiness is less important than the property.  The qualifying standards for hard money vary from deal to deal since every building and consumer are different.  Credit scores, revenue, as well as capacity to repay are taken into consideration.  However, the majority of the time, getting a hard money loan is based on the value (or cost) of the property.

Lending Guidelines

Lending Guidelines

  • Loan Amounts: $250,000 – $2.5 million 
  • Loan to Value (LTV): up to 70%

  • Interest Rates: 6.99% – 14.99%

  • Fees: 2 – 6 points (including lender or investor fees)

  • Loan Term: 12-60 months

  • Property Types: Investment residential and commercial

  • Loan Types: Purchase, Refinance, Equity Cash out, Bridge Loan, Rehab, Construction, Lender Participation

Why Choose Mortgrates Property Financing?

Why Choose Mortgrates Property Financing?

  • Short or longer term loans (up to 5 years)
  • Competitive rates and fees

  • Lots of capital waiting to be invested

  • Long list of satisfied borrowers and investors

  • Will consider any loan that makes sense.

Financing Available in the Following Areas

Financing Available in the Following Areas

  • Los Angeles
  • San Diego
  • San Jose
  • San Francesco
  • Fresno
  • Sacramento
  • Oakland
  • Sonoma

Many more…servicing all of California.

Fill our quick form below or call us today! 888-992-0097

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first

Compare Loan Offers and get the best deal!

Mortgage Rates as low as 3%

Type of Loan?

Type of Property?

Get a low rate. All quotes are free

Second Step

You're only a few steps away from getting competitive rates.

How do you use this property?

Proceed

Third Step

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Property zip code?

 

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Forth Step

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What's the estimated property value?

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Fifth Step

There are still low rates available in

What's your 1st mortgage balance?

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Sixth Step

Do you have a 2nd mortgage?

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seventh Step

There are still low rates available in

How much additional cash do you wish to borrow?

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Eighth Step

Do you need a trusted pro for a major home improvement?

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Ninth Step

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What's your estimated credit rating?

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