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- Miami-based REZYFi Inc., is a mortgage lender that originates traditional loans but strategically is focused on non-traditional markets such as the cannabis industry
- The cannabis industry has enjoyed a boom in market interest but still needs a reliable loan source for real estate mortgages
- REZYFi’s strength as a commercial real estate lender is based on its licensing in the majority of states, with more to come, and in its proprietary automated / machine-learning technology
- Improving national economy trends have reduced pressure on mortgage rates in recent weeks, and many analysts expect that mortgage rates will continue to decrease through the end of the year, increasing the number of loan-seekers in the process
Specialized mortgage loan originator REZYFi provides a critical service to the cannabis industry, which has exploded on the scene in recent years despite the hefty challenges involved in obtaining mortgage loans from federally insured banks reluctant to service an industry legalized only on a state-by-state level.
REZYFi’s model recognizes that income from licensed cannabis operators is legal and sustainable in states such as California, which boasts one of the largest economies in the whole world. The company provides senior loan and project financing optoins to state-licensed operators, with the loans secured by real estate and/or other assets of the borrowers “to the extent permitted by applicable laws and regulations governing such borrowers,” according to REZYFi’s website (https://cnw.fm/YqDr2).
The law of supply and demand means a high degree of competition for the limited properties that may be compliant with municipal regulations. This is key for marijuana businesses in an urban environment where the greatest number of customers are likely to be found. The report notes that the result can be a significant cost challenge for acquiring the real estate. Searching for properties that aren’t a top-grade quality, but which can be improved, or that are off-market in a “green zone” are among potential solutions to help alleviate that situation, it states. REZYFi is set up to deal with these issues.
REZYFi’s corporate strengths — including licensing in most states, with plans to become licensed in all remaining states in the near future, as well as proprietary automated / machine-learning technology that helps drive efficiency — helps clients in the cannabis industry find success. Reduced pressure on mortgage rates coinciding with cooling inflation trends has drawn many property buyers back into the market in recent weeks (https://cnw.fm/UR7i8).
For more information, visit the company’s website at www.REZYFi.com.
NOTE TO INVESTORS: The latest news and updates relating to REZYFi are available in the company’s newsroom at https://cnw.fm/REZY
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The post Specialized Mortgage Loan Facilitator REZYFi, Inc. Represents Critical Capability for Hard-to-finance Cannabis Industry appeared first on CannabisNewsWire.
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