what sets pelorus apart from other lenders?

Pelorus doesn’t just bring access to capital when it partners with borrowers. We bring a value-add lending approach providing a complete capital stack for the property owners to build out the facilities for their cannabis-use tenants to enable them to start generating revenue in the facility in a quick and efficient manner.

Traditional wait times

Private lenders and traditional banks make clients wait from weeks to months to be reimbursed for value-add improvements. Pelorus is able to deliver capital in 1-3 days in most cases.

Pelorus

High performance capital

We charge higher points and interest but deliver the entire capital stack to get the project stabilized and get cash flowing.

Cost of delays

Waiting for reimbursements delays a tenant’s ability to generate revenue.

magnitude of savings

Our streamlined program allows the tenants tostabilize and generate revenue faster.

DELAYS CAN COST MILLIONS

Cannabis operators generate income at 10x themagnitude of most tenants. They need a responsivepartner who works to ensure access to capitalflows smoothly and without issues.

Comparison between

non-cannabis and cannabis tenant improvements

cannabis tenants earn an order of magnitude more than non-cannabis tenants

Cannabis owners are willing to pay a premium for a high-performance loan that expedites their tenants ability to complete improvements and start generating high revenue.

non-cannabis tenant

27,000 sqf

Tenant improvements do not always improvethe property value for the next tenant. Time-to-marketis typically not-pressured as revenue streams are normal.

PROPERTY VALUE: 2M
TENANT IMPROVEMENTS: 200K
MONTHLY REVENUE FOR TENANT: 100K
MONTHLY LEASE RATE: 20K

CANNABIS TENANT

27,000 Sqf

Tenant improvements improve the value of the property as these properties are licensed with a Conditional Use Permit (CUP) and are in a Green Zone.

PROPERTY VALUE: 4.5M
TENANT IMPROVEMENTS:   4.5M
MONTHLY REVENUE FOR TENANT:   1.3M
MONTHLY LEASE RATE:     65K

Green Zone | Conditional Use Permit (CUP)
Medical and/or Recreational Dispensary | Cultivator
Warehouse | Sales Growth in Economic Turmoil

CASE STUDIES

The Pelorus Fund lends on commercial real estate properties in Medically Licensed States. During the Covid-19 outbreak, cannabis dispensaries have seen a steady increase in sales; and mandates to shelter-in-place ordered by various states have deemed cannabis to be an essential business.

Canndescent creates luxurious cannabis products
in five signature effects. Their strong brand name
and product demand requires them to expand rapidly. Pelorus was able to meet their needs with full capital stack access and a supportive management team onboard helping.

YIELD:
TERM:
LOAN AMOUNT:
LOAN PURPOSE:

LTV:
BUDGET:
WARRENTS:

11.5%
18 Month
4.5 Million
Acqusition and Tenant
Improvements
39%
4.5 Million
No

T-Boys was a refinance of a debt free project for a 118K sqft building. The owners had $7M invested in the property. All 3.8M net proceeds were disbursed after inspections and payments with lien releases verified. Each disbursement increases the value of
the building.

YIELD:
TERM:
LOAN AMOUNT:
LOAN PURPOSE:

LTV:
BUDGET:
WARRENTS:

17.5%
18 Month
4.2 Million
Construction Refinance
54%
3.8 Million
No

As you can see from the case studies, the value-add offered by Pelorus is essential to the operator. Our fund is structured to help both the operator get the capital they need, and provide stunning returns for our investors. Both parties win. Our management team is also happy as we are doing what we love and rewarded for the success of our deals.

your next step is to contact us

Getting setup and investing in Pelorus is super quick and easy. We’ll guide you through the process and answer any questions you have.

INVEST IN PELORUS