Alta Fund II
Alta Real Estate Fund II (“Alta II”) is a commercial real estate fund that provides secured financing to the regulated cannabis industry.
- Allows creditworthy operators to leverage their retail and industrial properties through loans and sale-leasebacks.
- Provides downside protection by ensuring properties are marked-to-market and can be repurposed for non-cannabis use.
- Charges above-market “cannabis” rates due to a lack of institutional financing, resulting in outsized secured returns.
- Alta II is the second fund from Alta’s GP. Under the same thesis, Alta I deployed $70M and yields a 14.0% annual return.