Question 1

What documents do I need to apply for a commercial loan?

Accepted Answer

For commercial real estate, expect to provide a property summary or offering memorandum, a current rent roll, two to three years of operating statements, a personal financial statement and schedule of real estate owned, and recent tax returns. For business working capital, most lenders start with three to six months of business bank statements, a year-to-date profit and loss statement, and a completed application. Rair Capital collects your package once and shares it with matched lenders.

Question 2

How long does it take to close a commercial real estate loan?

Accepted Answer

Bank, credit union and debt fund executions typically close in 30 to 60 days. Agency and CMBS loans generally run 45 to 75 days, and FHA/HUD insured loans can take several months. Timelines depend on third-party reports — appraisal, environmental and property condition — and on how quickly borrower documentation is provided.

Question 3

Do you lend on cannabis property?

Accepted Answer

Yes. Rair Capital works with banks, credit unions and debt funds that finance licensed cannabis real estate, including acquisitions, refinances, ground-up construction and sale-leasebacks. Loan amounts start at $150,000, loan-to-values are typically 65% to 70%, and transactions can close in as few as 14 business days.

Question 4

What is a non-recourse loan?

Accepted Answer

In a non-recourse loan, the lender's remedy in a default is limited to the pledged property rather than the borrower's other personal or corporate assets. Standard carve-outs still apply for fraud, misapplication of funds and environmental issues. Agency, CMBS and life company loans are usually non-recourse; SBA loans require a personal guaranty.

Question 5

What is the minimum loan size Rair Capital will work on?

Accepted Answer

Commercial real estate loans generally start at $500,000, cannabis real estate at $150,000, and business working capital at $50,000. There is no practical maximum — our network regularly places loans above $100,000,000.

Question 6

What credit profile do lenders expect?

Accepted Answer

Commercial underwriting weighs the asset and its cash flow first, but sponsor credit still affects pricing and leverage. Bank and agency programs generally look for 680+ personal credit and meaningful liquidity. Debt funds and specialty working capital lenders can work with lower scores at higher rates.

Question 7

How much equity or down payment will I need?

Accepted Answer

Stabilized acquisitions typically require 25% to 35% equity. Construction loans are usually sized to 60% to 70% of total project cost. SBA owner-occupied programs can go as low as 10% down, and FHA/HUD offers the highest leverage available for qualifying multifamily assets.

Question 8

Does applying affect my credit score?

Accepted Answer

Submitting a request through Rair Capital does not trigger a hard credit inquiry. A hard pull only happens when you authorize a specific lender to move forward with formal underwriting on a term sheet you have chosen.

Question 9

What does Rair Capital charge?

Accepted Answer

There is no cost to submit a request and review offers. When a transaction closes, Rair Capital is compensated through a placement fee that is fully disclosed in writing before you sign any term sheet.

Question 10

Can I get financing for a property in another state?

Accepted Answer

Yes. Our lending relationships cover all 50 states, with the lender set varying by asset class, market and loan size. Cannabis real estate is limited to states with an established regulatory framework.

Question 11

Do you finance ground-up construction?

Accepted Answer

Yes. We place construction and construction-to-permanent loans through banks, credit unions and debt funds, with draw schedules tied to your budget and completion milestones. Lenders will review the general contractor, guaranteed maximum price contract and sponsor construction experience.

Question 12

How quickly can business working capital fund?

Accepted Answer

Most approved corporate and cannabis working capital facilities fund within 24 to 48 hours of final documentation, with amounts from $50,000 to $10,000,000 and terms up to 36 months.

Frequently Asked Questions