Navigating the Cannabis Industry as a Lender with Rob Sechrist
Manage episode 353902364 series 3364636
Welcome to the Mario Dattilo Show Podcast!
In this episode of the Mario Dattilo Show Podcast, Rob Sechrist, an expert in lending in the cannabis industry, shares his experience and insights on the industry. He discusses how new legislation has changed the industry, the advantages of investing in REITs, the likelihood of rents decreasing, consolidation trend, how supply & demand affecting the industry, how different states are performing, and the future of the industry. He also explains how the Fed issues DEA licenses, the wild west of the lending industry, and how to get in touch with him. Rob's insights on cannabis industry is valuable for both investors and those looking to enter the industry.
Rob is a co-founder and president of 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, and the co-manager of the Pelorus Fund, a private mortgage real estate investment trust (“mREIT”).
https://pelorusequitygroup.com/
Find out more about Mario at MarioDattilo.net
Talking Points:
00:50 How Rob Entered the Cannabis Industry
01:01 Rob’s Lending Expertise
01:55 How New Legislation Changed Everything
04:36 Explaining Different REITs
08:37 Advantages to REITs for Investors
11:15 Target Between 12% and 15% IRR
13:13 Why Rents are Likely to Go Down in the Cannabis Industry
17:00 How Bond Rates Went Away
18:17 Is the Cannabis Industry Starting to Consolidate More?
20:50 Is an Increase in Supply Having an Impact?
21:46 Lenders vs Cannabis Operators
22:55 How Different States Compare in the Cannabis Industry
26:01 It’s Easy to Increase Production
26:20 Lending to Retail vs Growing Facilities
29:22 The Value of the Build Out
30:30 What’s Coming Down the Pipe?
31:45 How Different Administrations Impact the Cannabis Industry
33:01 How The Fed Issues DEA Licenses
34:34 The Wild West of the Lending Industry
35:11 Are Borrowers Often Operators?
38:25 Very High Standard Facilities
38:58 How To Get Ahold of Rob
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Links & Mentions From This Episode:
Pelorus Equity Group
info@pelorusequitygroup.com
ir@pelorusequitygroup.com
www.mariodattilo.net
37集单集