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Peachtree just closed a $103 million loan for the Miami Beach Convention Center Hotel recap. Welltower secured a $6.25 billion revolving credit facility. Savills dropped $1.2 billion to acquire Eastdil Secured. Meanwhile in Boca Raton, NIMBYism won the day — Terra and Frisbie Group lost a high-stakes development election, and lawsuits over shoddy condo construction are piling up across Florida. The capital markets are awake, and the money is aggressive. Bridge spreads are still compressing, hard money lenders are competing aggressively for deal flow, and the Fed is holding rates steady at 3.72% (T-Bills) and 3.19% (T-Notes). But here’s the sleeper story: cannabis real estate financing is emerging as a legitimate niche. Foreign national capital is flowing into South Florida. Buyers who know how to structure these deals are winning — because most lenders still don’t understand the playbook. This week we’re diving into a cannabis cultivation deal that got rejected by 3 banks, how we found the financing, and 5 Florida auction opportunities worth watching. Let’s go. |
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📋 Case Study: How We Financed a $4.2M Cannabis Cultivation Facility in 18 Days |
The Situation A licensed cannabis operator in Florida needed to acquire a 32,000 SF industrial facility to expand cultivation operations. The property was appraised at $5.8M. The seller accepted $4.2M — a motivated exit after a tenant vacated. The buyer had $1.5M cash and needed $2.7M to close. Simple, right? Except no traditional bank will touch a cannabis deal, even when the real estate itself is fully compliant. Who Said No Regional bank #1 — “We don’t finance cannabis-related businesses under any circumstances. Federal law, compliance risk, board policy.” Full stop.
National bridge lender #2 — “We’ll lend on the real estate if you sign an affidavit that you won’t use it for cannabis operations.” That’s… the entire point of the acquisition.
Private equity group #3 — “We’ll do it at 16% with 4 points and a 3-year lockout.” Pricing that makes the deal unworkable, even with strong cash flow from cultivation. How We Got It Done We matched the buyer to a specialty bridge lender with a cannabis-friendly niche program. They underwrote the real estate — not the business — using a 65% LTV formula on the appraised value. The loan structured as a 12-month bridge at 10.75% with a 2-point origination fee, interest-only payments, and a 12-month extension option if needed. The lender required proof of state licensing, compliant lease structure, and personal guarantees from the operators. No affidavits, no games. They funded in 18 days. The Outcome Purchase Price $4,200,000 | Appraised Value $5,800,000 | Bridge Loan $2,730,000 (65% LTV) | Time to Close 18 Days | Interest Rate 10.75% (12-mo bridge) | Built-in Equity $1,600,000 (28%) |
Within 6 months, the operator had expanded cultivation by 40%, increased monthly revenue to $385K, and secured a refinance commitment from a cannabis-specialized REIT at 8.9% for permanent financing. The bridge loan cost them roughly $245K in total interest and fees — to capture a $1.6M equity position and scale their licensed operation into a Tier 1 facility. “Three banks said no in the same week. Brandon found a lender who actually understood cannabis real estate and closed in under three weeks. Game changer.” — Licensed Operator, Florida |
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🔥 Auction Hot ListFive deals we’re watching across Florida and the Southeast this week. |
| ⭐ Featured Deal 🏨 112-Room Oceanfront Hotel — Daytona Beach, FL 🌊 Direct beachfront · Partially renovated · Auction: March 28, 2026 · Auction.com Daytona Beach + oceanfront = evergreen hospitality demand. Needs capital for final renovation phase, but the location does half the work. Classic value-add bridge play for a hospitality operator who knows RevPAR. View on Auction.com → |
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| 🏭 68,400 SF Industrial Warehouse — Tampa, FL Clear height 24′ · 3 dock doors · I-4 corridor access · Auction: April 2–4, 2026 · Ten-X Tampa industrial is hot. I-4 corridor proximity, decent clear height, and dock access make this a strong lease-up candidate for logistics or light manufacturing. Fully stabilized, this is a DSCR slam dunk. View on Ten-X → |
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| 🏬 Retail Plaza — Fort Lauderdale, FL 🌴 31,200 SF · 82% occupied · NNN leases · Bidding Starts: March 26, 2026 · Crexi Broward County retail with strong tenant mix and NNN lease structure. The 18% vacancy is manageable — backfill with a QSR or service tenant and you’re at stabilized cash flow inside 90 days. View on Crexi → |
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| 🏘️ Mixed-Use Property — Orlando, FL 12,800 SF retail + 6 residential units above · Downtown proximity · Auction: March 30, 2026 · RI Marketplace Mixed-use is the sweet spot for creative financing. Retail income stabilizes the bottom line while residential units provide upside through rent bumps or condo conversion down the road. Orlando growth story is real. View on RI Marketplace → |
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| 🔐 Self-Storage Facility — Jacksonville, FL 250 climate-controlled units · 91% occupancy · Bidding Ends: April 1, 2026 · Crexi Self-storage at 91% occupancy is a cash flow machine. Climate-controlled units command premium rents. Jacksonville population growth supports long-term demand. This one qualifies for conventional financing the day you close. View on Crexi → |
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Sourced from Auction.com, Ten-X, Crexi, RI Marketplace, and 30+ more platforms. Reply for the full list or to get financing lined up for any of these. |
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📝 New on the Blog
Cannabis Real Estate Financing: How to Get a Loan When Banks Say No
Traditional banks won’t touch cannabis deals — but specialty lenders will. Here’s how to structure cannabis RE financing, what lenders actually care about, and how to avoid the traps that kill these deals before they start.
Foreign National Commercial Loans: The Complete Guide for Non-U.S. Investors
Foreign nationals can absolutely buy U.S. commercial real estate — but the financing playbook is different. We break down ITIN requirements, LTV limits, documentation needs, and which lenders actually work with non-citizen borrowers.
Foreclosure Bailout Loans: How to Stop a Foreclosure and Keep Your Property
Foreclosure doesn’t have to mean game over. Bailout loans (aka rescue financing) can stop the clock, cure defaults, and give you breathing room to stabilize or sell. Here’s how they work and who qualifies.
Foreclosure Auction Funding: How to Finance a Property Bought at Auction
Bought a property at auction and need to close in 30 days? Here’s how auction financing works, what lenders require, and how to avoid the cash-only trap that kills most auction deals.
Bridge-to-Perm Loans: From Acquisition to Permanent Financing in One Package
Why choose between speed and stability? Bridge-to-perm loans give you fast closing with a built-in conversion to permanent financing once the property stabilizes. Perfect for value-add acquisitions. |
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📊 Market SnapshotWhere the market sits this week (as of March 11, 2026): | Treasury Bills (3-month) | 3.72% | | Treasury Notes (10-year) | 3.19% | | Bridge Lending Range | 5.75% – 12.75% | | DSCR (Stabilized) | 1.15 – 1.25x | | Fed Funds Rate | 3.50% – 3.75% |
Rates as of 3/11/26. Fed holding steady — potential cuts later in 2026 depending on inflation and employment data. Bridge spreads compressing as lenders compete for deal flow. |
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😄 Commercial Break Why did the cannabis real estate investor bring a lawyer to the closing? Because the deal was about to get lit. |
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💬 Got a Deal? Let’s Talk.Cannabis, foreign national, foreclosure bailout, auction financing — if the deal is solid but the lender search is a nightmare, that’s what we solve. We’ll run it through our network of 200+ capital sources and get you a term sheet.
Brandon Brown
📞 (561) 123-4567 · ✉️ brandon@anchorcreloans.com
Read the Blog · Deal Scorecard · LinkedIn |
 | Brandon Brown Founding Partner, Anchor Commercial Capital Boca Raton, FL · Nationwide |
Anchor Commercial Capital · Boca Raton, FL
Scorecard · Blog · LinkedIn
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