The Leading Provider of Value-Add Bridge Commercial Real Estate Loans in the Cannabis Sector Also Announced It Has Completed 55 Loan Transactions and Deployed $204 Million, Comprising 1,750,000 Sq. Ft. in Eight States August 26, 2021 8:30 AM EDT
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NEWPORT BEACH, Calif., Aug. 26, 2021 (GLOBE NEWSWIRE) — Pelorus Equity Group (“Pelorus”), the leading provider of value-add bridge commercial real estate loans to cannabis businesses and owners with cannabis-related real estate, announced that its Pelorus Fund, a private mortgage real estate investment trust (“mREIT”), has entered into a $19 million construction-financing loan with Item 9 Labs Corp. (OTCQX: INLB) (“Item 9 Labs” or the “Company”), a vertically integrated, cannabis dispensary franchisor and operator that produces premium, award-winning products.
The proceeds from Pelorus’ high-performance loan