Cannabis real estate lender Pelorus Equity quadruples fund size to $1 billion

Cannabis real estate lender Pelorus Equity quadruples fund size to $1 billion
·1 min read

Specialty lender Pelorus Equity Group Inc. on Wednesday said it's increasing its privately held mortgage real estate investment trust, the Pelorus Fund, to $1 billion from $250 million to raise capital for bridge commercial real estate loans for cannabis businesses. The Laguna Hills, Calf., firm is launching a new, stabilized lending program with three- to five-year amortizing loans. "Our company launched its $100 million offering in 2018, and then in 2020, upsized it to $250 million, but with t

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