Pelorus Equity Group, a company that provides real estate loans for cannabis businesses, announced Wednesday it has achieved 434% growth year-over-year in 2021. The Pelorus Fund, a privately held mortgage real estate investment trust with cannabis use and cannabis-related properties, also announced it ended the year with $243 million assets under management and $193 million of equity – more equity than any other privately held or publicly traded commercial real estate lender in the cannabis space. Additionally, Pelorus accomplished several industry firsts throughout 2021.
“As cannabis operators and landlords with commercial real estate continued to enter the sector, we saw the need for funding to support build-outs, expansions and upgrades spike in 2021,” Dan Leimel, CEO of Pelorus Equity Group and Manager of the Pelorus Fund stated. “In 2022, we expect to see a sustained need for commercial real estate funding to continue. With our ability to structure asset-based lending solutions for complex transactions, we provide our clients innovative loan programs that enable them to scale their operations, and cross numerous thresholds that most thought were unattainable. In the coming year, we plan to aggressively scale our assets under management while bringing more novel deal structures and lending solutions to some of the largest and fastest-growing cannabis companies.”
Pelorus and Pelorus Fund 2021 Highlights
