Cannabis Real Estate Fund Updates Its Target Returns To 18.1% From Previous Target Of 13.1%

Start generating passive income through real estate.

Own a piece of your favorite cities through diversified real estate investments in the country's top markets

*Terms and conditions apply. Visit Nada's website for more details.

Rainbow Cannabis Fund II was launched on CrowdStreet in December 2021 to provide capital to cannabis operators through sale-leaseback acquisitions and first mortgage loans secured by existing real property.

See original offering announcement: New Cannabis Real Estate Investment Fund Targeting A 13.1% Annual Return

The fund manager, Rainbow Realty Group, previously closed Rainbow Cannabis Fund I, which has just secured asset backed financing from an FDIC-member bank at attractive terms and anticipates securing similar financing for Rainbow Cannabis Fund II. 

The initial target internal rate of return (IRR) for Fund II was 13.1% on an unlevered basis. However, the ability to obtain traditional forms of financing will allow the fund to hit a higher target return and the fund manager is updating the offering’s targeted investor IRR to 18.1% once it is fully funded and secures leverage at similar rates as Fund I.

Fund II is seeking to raise up to $25,000,000 through its offering on CrowdStreet and has already closed three transactions, with a fourth expected to close in early March. The next closing deadline for Rainbow Cannabis Fund II is March 1, 2022. 

View offering details for Rainbow Cannabis Fund II on CrowdStreet

Photo: Courtesy of CrowdStreet

Posted In: CannabisMarketsReal EstateAlternative investmentsCrowdstreetRainbow realty groupreal estate crowdfunding

Benzinga Cannabis Conferences are coming to Los Angeles

Join the Benzinga Cannabis Market Spotlight: California, and unlock the future of cannabis at the premier networking event in Culver City on February 22. Connect with top industry leaders, gain insider insights into the investment landscape, and shape the evolving markets in California and beyond. Don’t miss this chance to be at the forefront of the cannabis industry’s growth and innovation! Join now