Closed: $800K First Mortgage Cannabis Dispensary

By |1 min read|Published On: February 16th, 2023|Last Updated: June 22nd, 2023|

sign of cannabis dispensary


Gelt Financial just closed an $800K First Mortgage on a cannabis dispensary in New Jersey. We provided cash-out refinancing to fund the borrower’s rehab and buildout costs. The dispensary was an owner-occupied investment property fitted for the tenant’s use for their cannabis business. Limited documentation loan. No credit verification. Short-term financing. We provided private financing with a quick closing in under one week.

Cannabis is a fast-growing industry needing mortgage financing, and Gelt Financial is here to help! We are doing mortgages on acquisitions and rehab and build-outs for cannabis dispensaries nationwide.

Do you need private funding to secure a property related to the cannabis industry? When your bank says NO, we say YES!

About Gelt Financial

Gelt Financial is a non-bank commercial real estate lender. We closed more than 10,000 loans totaling over $1 billion since 1989. Gelt focuses on providing debt to non-bank borrowers on all types of commercial real estate, including but not limited to multifamily, office, retail, warehouse, industrial, self-storage, and mixed-use.

For more info on how Gelt can help you with an investment property or on any of our other various products and services, take a look at what President Jack Miller on Gelt’s YouTube channel and for more info on our completed deals, check our Deals Done.

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