FOR IMMEDIATE RELEASE
6/22/2026 – Huntington Beach, CA – Schelin Uldricks & Co. is pleased to announce that it has arranged financing for an industrial building in Santa Rosa, CA that is leased to a Cannabis Cultivation Facility. The loan has a 5-year term and is priced at 7.25% with a declining prepayment schedule.
“Financing property leased to cannabis tenants is very difficult to obtain at competitive rates. Most traditional lenders object to the tenancy because they consider the businesses highly vulnerable to political & legal changes that could reduce the value of their collateral in a short amount of time,” commented Ethan Schelin, Managing Partner.
The borrower, who is a repeat client, had a maturing loan and needed permanent financing. Schelin Uldricks & Co. initiated a large marketing campaign to several lender types including banks, credit unions, private lenders, and family office investors. “This was a difficult assignment overall. Most property owners that have leased space to cannabis tenants are stuck with hard money or private loans with interest rates in excess of 10%. We were able to uncover a financing source for our client at a very competitive rate,” stated Ethan Schelin, Managing Partner.
The lender on this assignment specializes in lending to real estate investors that have cannabis related tenants. The lender has a significant amount of dry powder for these types of assignments so Schelin Uldricks & Co. is actively recruiting new clients to tap this capital source.
About Schelin Uldricks & Co.
Schelin Uldricks & Co. is a boutique firm offering investment banking services with a focus on providing capital solutions to real estate companies and other mid-sized businesses.
Headquartered in Huntington Beach, CA, Schelin Uldricks & Co. embodies an entrepreneurial culture focused on integrity, transparency, execution, and ingenuity. The founding partners bring over 35 years of collective capital markets experience in investment banking, private equity, and real estate finance. The company offers a broad array of services, including debt and equity placement, M&A, GP advisory, divestitures, and financial restructuring.