Lev, the commercial real estate (CRE) financing platform, has announced the completion of over $40 million in cannabis CRE loans across five different sponsors, with an additional $50 million in the pipeline. Building on its mission of offering fast, secure and transparent financing, Lev works with serious investors to navigate complex hurdles at the federal and state levels to close cannabis deals 2x faster than traditional methods.

Thanks to its unique technological backbone and trusted relationship with federal lenders, Lev is able to secure competitive funding across a network of banks-an anomaly in the current lending environment for legal cannabis businesses, subsequently establishing an ongoing lending relationship where both the bank and investor benefit.

A portion of the deal locations include Sacramento, CA, Denver, CO, Tempe, AZ, and Lakeville, MA, including a loan of $16.8 million for the Massachusetts property. Lev also aided in the closing of one national portfolio with properties in Missouri, Arizona, and California, closing the deal at $15 million in proceeds. Spanning the U.S., each property type falls into the category of cultivation facility, commercial dispensary, or mixed-use retail property using non-recourse loans for funding.

According to Bryan McLaren, CEO of Zoned Properties, the real estate development firm that closed a debt financing deal on its Tempe, AZ property, "By working with Lev, we were able to close quickly and secure an initial debt facility of up to $4.5 million. Lev was able to help us secure deal terms above and beyond the vast majority of cannabis deal structures we've seen over the past decade. At Zoned Properties, we're focused on expanding our pipeline of properties within complex industries like legalized cannabis, and having expert capital partners is essential. It's been a fun challenge that's made possible by working with other forward-looking industry leaders like Lev."

"We've worked hard to build our relationships with federal banks at Lev and it's paying off," said Yaakov Zar, Founder and CEO of Lev. "The cannabis CRE market is notoriously tricky-different states have different regulations and closing a deal can be complicated. Intricate processes like this are where Lev's technology truly shines. We've reached the point where we've acted as consultants for federal banks considering entering the market, and I can only see our role in the industry continue to grow from here."

In addition to a speedy loan close, Lev has managed to offer optimal pricing and the lowest interest rates in the market with rates as low as 4.5%. As the landscape for legalized cannabis commercial real estate continues to shift, Lev is committed to working with premier borrowers and lenders to help them navigate complicated regulations and secure funding quickly.

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