$6.4M Acquisition Loan in Las Vegas, NV

ROC Financial Solutions recently financed a $6.4M acquisition and rehab loan secured by a 64,768 SF industrial building located in Las Vegas, NV. The sponsor plans to purchase the building and build-out for a cannabis tenant. ROCFS was able to get comfortable with the sponsors intention to lease the subject to a cannabis cultivation tenant and provide financing for improvements prior to any cannabis related business.

Loan Terms: 65% LTV, 8.25%, 12-Months, Non-Recourse