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Pelorus Fund

124 Tustin Ave. Suite 200 Newport Beach CA 92663



About the company

At Pelorus, we consider ourselves specialists. We are able to navigate the sometimes choppy waters of real estate financing. We understand that the perfect situation is rare when it comes to real estate investing. When there are problems with title, property conditions, property types, traditional loans aren’t always available. That’s when you turn to Pelorus.

We have assembled a team of professionals that can not only secure your financing, but we can also get you closed quickly. By tapping into our network of partners, we can move as fast as you need to.

Team

Market

The illiquidity of capital in the cannabis lending market has created and opportunity with inverted risk to yield ratios that is only seen in very rare circumstances, often created by political or other market forces that last for shorter periods of time. This opportunity allows us to lend to bank quality sponsors and assets with near equity-like returns. Additionally, we only lend in States in which Medicinal Cannabis has been approved, which offers our borrower's tenants the maximum safe harbor protections offer by the Rohrabacher–Blumenauer Amendment. This Amendment prohibits the Department of Justice from using federal funds to prevent states with medical cannabis regulations from implementing laws that authorize the use, distribution, possession or cultivation of medical cannabis. We expect the Federal agencies to deconflict the federal agencies with regard to cannabis banking within the next 18 to 36 months. Once the IRS, DEA, FDIC, and other various three-letter agencies are deconflicted the market will become more normalized and our loans will be paid off by lower costs loans. However, our focus will remain the value-add bridge lender market, which we have always successfully completed against institutional banking. This is because we can lend on completed values/stabilized values, which banks must use the cost basis, and move through underwriting to closing in days as opposed to the weeks or months intakes the banks.

Opportunity

The Pelorus Fund is focused on providing lower leverage loans 50% to 60% LTV secured by commercial industrial/warehouse type properties and allows for cannabis-related business tenants. The Fund Manager shares income with the Fund Members and has a targeted yield of 15%. The Fund operates under the Department of Real Estate and the Department of Business Oversight and is audited by Armanino each year.

Financials

Investment details are reserved for those who have created a free investor profile and indicated that they are accredited.

Documents

Investment details are reserved for those who have created a free investor profile and indicated that they are accredited.

Risk disclosures

Investment details are reserved for those who have created a free investor profile and indicated that they are accredited.

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