TUCSON, AZ / ACCESSWIRE / August 19th, 2021 – HEF Finance, a subsidiary arm of Honor Enterprise Funding. (“HEF Finance”, “HEF” or the “Company”) a specialty finance company underwriting credit facilities to cannabis and hemp companies in the United States and Canada, announced today that it has closed a credit facility of $2.3 million for a Colorado based cannabis farm acquirer. All amounts are in U.S. dollars.
The customer has closed a acquisition/real estate loan facility of just over $2.3 million to acquire an established cannabis farm in Pueblo, CO, with 24-month terms.
Kirk Gill, CEO of HEF commented: “We had a tight timeline to deliver a real estate loan to meet the obligations to the seller. We were able, with the cooperation of their executive team, to execute the loan prior to them falling out of escrow due to a breach of contract”.
About HEF Finance
Founded in 2017, HEF specializes in providing equipment leasing, leasebacks, real estate financing, construction loans, lines of credit and other debt financing solutions in the United States and Canada to owner/operators of cannabis, hemp and CBD companies, including cultivators, extraction operations, dispensaries, and testing labs. In addition, HEF provides debt financing for mergers and acquisitions in the industry. HEF underwrites a large volume of cannabis loans and as such is in a position to provide realistic strategies to obtain cannabis debt financing based on continual underwriting in the industry.: https://www.heffinance.com.
For inquiries please contact:
Internal Finance Consultant
Chief Executive Officer