CHICAGO, July 15, 2015 /Weed Wire/ — HerbFront Inc. is pleased to announce the launch of HerbFront Capital, a lending, business brokerage and advisory arm of its existing powerful real estate mapping technology platform.
HerbFront is the nation’s first real estate exchange platform for the legal cannabis industry. The platform caters to those looking to sell a qualifying property as well as those searching for the best real estate to launch their cannabis business. The company’s recent addition of HerbFront Capital expands opportunities for those interested in securing capital, lending or investing in the cannabis space.
The division’s primary focus is on asset-based lending against real estate and some equipment, such as what might be used in a manufacturing facility for cannabis edibles. “HerbFront Capital gives industry members access to some of the best support professionals who can assist with lending, business brokerage, franchising a dispensary, or advisory work,” said Matt Chapdelaine, Co-Founder and CEO of HerbFront.
HerbFront Capital had a soft launch last week, and within just hours of going live HerbFront Capital Advisors were busy matching clients with capital sources for their operations. “HerbFront’s proprietary mapping technology gives us the first look at dispensaries and cultivation centers about to hit the market,” he said. “That puts us in a unique position to offer these vital services that come along with being on the front lines of the cannabis real estate market.”
Accessing capital can be difficult in the cannabis space, as business owners can’t get typical bank debt from a FDIC-insured banking institution and hard money lenders can be very expensive, Chapdelaine explains. “When it comes to financing your dispensary, manufacturing, or cultivation facility, HerbFront Capital Advisors give you access to leading lenders in the cannabis real estate industry so you can continue to grow your business with the least expensive capital available.”
HerbFront Capital has historical real estate and operational data for more than 6,000 state regulated cannabis facilities nationwide— with new listings being added daily. Joining the HerbFront network allows users to know what the market and competitors in a given area look like in real time. “This is critical information any business owner or lender should know before entering a particular market,” Chapdelaine continued.
Visit HerbFront Capital today to connect with a cannabis industry expert and make your business dream a reality.
Click here to watch HerbFront’s video on YouTube to learn more.
222 W. Merchandise Mart Plaza,
12th Floor, Chicago, IL. 60654