2.3 million credit facility for acquisition of Colorado cannabis farm

Specialty finance company HEF Finance, a subsidiary arm of Honor Enterprise Funding, underwriting credit facilities to cannabis and hemp companies in the United States and Canada, announced today that it has closed a credit facility of $2.3 million for a Colorado based cannabis farm acquirer. All amounts are in U.S. dollars.

"The customer has closed a acquisition/real estate loan facility of just over $2.3 million to acquire an established cannabis farm in Pueblo, CO, with 24-month terms," commented Kirk Gill, CEO of HEF.

“We had a tight timeline to deliver a real estate loan to meet the obligations to the seller. We were able, with the cooperation of their executive team, to execute the loan prior to them falling out of escrow due to a breach of contract.”

Founded in 2017, HEF specializes in providing equipment leasing, leasebacks, real estate financing, construction loans, lines of credit and other debt financing solutions in the United States and Canada to owner/operators of cannabis, hemp and CBD companies, including cultivators, extraction operations, dispensaries, and testing labs.

In addition, HEF provides debt financing for mergers and acquisitions in the industry. HEF underwrites a large volume of cannabis loans and as such is in a position to provide realistic strategies to obtain cannabis debt financing based on continual underwriting in the industry.

For more information:
HEF Finance
Charles Lloyd
Internal Finance Consultant
Kirk Gill
Chief Executive Officer
(855) 458-3863
www.heffinance.com/
Linkedin HEF Finance


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