← All lendersPelorus Capital Group describing itself
Pelorus Capital Group
Newport Beach, CA·Founded 1991·1 state
Pelorus Equity Group, through its affiliated Pelorus Fund, specializes in cannabis-related high yield commercial real estate lending. Pelorus offers short-term, senior loans secured by stabilized and value-add cannabis-related commercial real estate. We focus on a few specific under-served areas of the cannabis space:
Loan programs
Offers— no published terms
Terms & qualification
- Typical loan size
- $1.5M – $30M
- Typical term
- 12 mo – 36 mo
- Interest rate
- 15% – 17%
- Origination / points
- 3% to 7%
- Minimum FICO
- 500
- Lien position
- 1st
- Prepayment penalty
- 3 months minimum yield
- Payment structure
- Interest Only
- Recourse
- Sometimes
- Closing speed
- 5 days typical · 3 days fastest
- Cross-collateral
- Yes
- Equity / JV capital
- No
- Income documentation
- Credit Report, Tax Returns, Bank Statements, Financial Statements, Loan Application, Appraisal Required for Commercial Property, Always, Broker Price Opinion (BPO) Accepted for Commercial Property, Never
- Borrower entity
- Individual(s), LLC, Limited Partnership, Trust, Corporation, Non-Profit Corporation