This US Lender Will Finance Cannabis Companies & Complex Situations

I met a US lender who financed a cannabis company.

They have $500M ready to deploy into real estate.

Their founder left one of Wall Street's most feared hedge funds to build something different.

I asked what kind of deals they want this year.

- Real estate
- Mining
- Biotech
- Oil & Gas
- Rescue Financing
- Distressed Recapitalisations

In January, they led a $162M term loan to a cannabis company as part of a $306M recapitalisation.

Their only filter:

"Can we find credit here that others have missed?"

If the answer is yes, they're interested.

- $5M–$100M tickets.
- 12–48-month tenors.
- Public and private companies.

What separates them from other lenders is simple:

They only want deals other lenders can't underwrite. The more complex the situation, the more interested they get. That's what justifies a 'teens' return target.

Have you met a lender like this before?