Leading provider of value-added commercial real estate loans to the cannabis sector also announces the appointment of Jessica Uris as Senior Associate and Devin McGrath as Analyst and multinational law firm Dentons as management advisor

NEWPORT BEACH, Calif., Aug. 12, 2021 (GLOBE NEWSWIRE) – Pelorus Equity Group ("Pelorus" or "the Company"), the leading provider of value-added commercial real estate loans for cannabis companies and owners with cannabis-related real estate, announced the opening of its New York office, which is headed by Travis Goad, Managing Partner and is located in Union Square. With an office in Newport Beach, California, Pelorus' expansion will support its rapidly growing portfolio, customer base and investors. The company also announced the appointment of Jessica Uris as Senior Associate and Devin McGrath as Analyst for the Pelorus Fund, both of whom will be based in the New York office and reporting to Travis Goad.

In addition, Pelorus has appointed Dentons, a multinational law firm and the fifth largest global law firm in the world, as corporate counsel. The company sees this appointment as yet another sign of the maturation of the legal cannabis industry and related real estate needs.

The company's Pelorus Fund is a private mortgage real estate investment trust ("mREIT") that has completed 55 commercial real estate loan transactions and provided $ 204 million to cannabis companies and real estate owners in eight states across the United States, totaling 1,750,000 sq . ft. With a wide range of innovative transaction solutions, the Pelorus Fund addresses the diverse needs of real estate investors and portfolio managers in the cannabis industry.

"Despite the challenges facing every industry, Pelorus continues to build the strong momentum in the commercial cannabis sector and has an impressive and historic performance," said Dan Leimel, chief executive officer of the Pelorus Equity Group and manager of the Pelorus Fund. "As the opportunities ahead of us in the underlying legal cannabis industry continue to grow, we will continue to expand both the operational scope and depth of our business. That includes opening our New York City office at a time when the cannabis markets on the East Coast are seeing rapid growth. Jessica and Devin's new additions will help us continue to meet growing demand from property owners and operators as well as our investors. We look forward to your working closely with Travis as we grow and optimize our operations. "

"We're excited to bring such great talent to the newly established Pelorus NYC office," said Travis Goad, Managing Partner of Pelorus Equity Group. "It's a fascinating time to be in this industry, and both Jessica and Devin will be incredibly valuable if we live up to the increased interest in the industry. They will certainly play an important role as we continue to develop and use this growing field. "

Jessica Uris has experience in balance sheet loan management and underwriting, performing due diligence and closing commercial loans. She spent a lot of time analyzing in-place, pro-forma, sensitivity and discounted cash flows ("DCF") and modeling all asset types. Uris will leverage her expertise gained in positions at the Canadian Imperial Bank of Commerce (CIBC), New York City Economic Development Corporation, Ackman-Ziff Real Estate Group, and the CBRE Group, and will work closely with the as a senior East Coast team of the Pelorus Fund associate, which provides additional support for the due diligence and underwriting process.

The story goes on

Devin McGrath joins the Pelorus East Coast team as an analyst after previously serving on Citigroup's rotating analyst program, where he spent time at the CMBS syndication desks and convertible bond trading. He previously worked for the Greenwich-based hedge fund Ellington Management Group. Devin will play a critical role in evaluating and prioritizing potential investment opportunities.

About Pelorus Equity Group
Pelorus Equity Group is the leading provider of value-added commercial real estate loans in the multi-billion dollar cannabis industry. The company's Pelorus Fund, a Private Mortgage Real Estate Investment Trust ("mREIT"), offers a range of innovative transaction solutions to meet the diverse needs of real estate investors and portfolio managers, and its flexible acquisition and bridging loan programs are a direct result of ours Participation in more than 5,000 transactions of various sizes and levels of complexity. Since 1991, our clients have participated in more than $ 1 billion in real estate investment transactions using both debt and equity solutions. We use our many years of experience to quickly understand an opportunity, to structure a logical solution and to close it in a timely manner. Please visit https://www.pelorusequitygroup.com/ for more information.

Media contact:
Justin Bernstein
516-458-4743
justin@mattio.com

source https://seapointrealtors.com/2021/08/12/pelorus-equity-group-opens-new-york-city-office-announces-new-hires-as-the-empire-state-prepares-for-adult-use-cannabis-market/

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