Pelorus Fund, LLC
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Description
Pelorus has deployed more than $500M in the cannabis lending sector since 2016, comprised of 74 transactions with 39 payoffs.
Pelorus launched the Pelorus Fund in 2018 with the lending strategy of senior secured notes collateralized by cannabis-use real estate properties with personal/corporate guarantees from the
sponsors.
Investment-grade Company rated BBB+ from Egan Jones.
Investment-grade Secured Bond rated A from Egan Jones.
Pelorus Fund mREIT dividend qualifies for a 20% reduction in the Federal tax rate, only generates state income taxes in the state the investor is domiciled, and cleanses UBTI for Self-directed IRA
investors.
Categories
Private Equity, Real Estate
Investment Details
Minimum Investment Amount
$50000
Funding Goal
$1000000000
Target Income Return
$12%
Accreditation Status
Non-Accredited
Investor Profit Split
No
*For further details, reach out to the Sponsor
Additional Capital Calls
No
Distribution Frequency
Monthly
Request Withdrawal / Payoffs
Yes
Investment Resource Center
Pelorus-Fund-PPM-2021
Pelorus-Fund-Operating-Agreement-2021
Pelorus-Fact-Sheet-9-30-2023
Pelorus-Fund-Deck-Fall-2023
