JF 4236: Private Credit, Cannabis Real Estate and Yield Investing ft. Chris Reece

The Best Ever CRE Show

Best Ever CRE

Entrepreneurship, Investing, Business

4.7 • 996 Ratings

🗓️ 13 May 2026

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ash Patel and Amanda Cruise interview Chris Reece, who explains how he’s generating double-digit returns by lending into the cannabis real estate sector, where traditional banks won’t operate. He breaks down his strategy of issuing short-term, senior secured loans at 12–15% while underwriting properties at non-cannabis valuations to protect downside risk. Chris also shares why this opportunity is temporary, driven by limited capital access and regulatory barriers, and how future legalization could compress returns as more lenders enter the space. He highlights the importance of conservative underwriting, personal guarantees, and strong borrower vetting in a volatile but high-demand market. The episode emphasizes how scarcity of capital creates outsized returns today, while disciplined risk management is what sustains them long term. Chris Reece Current role: Founder & CEO of MJ REIT Based in: Greater Philadelphia Where to find them: https://www.linkedin.com/in/chris-r-reece/ www.mj-reit.com Visit https://m1.com/ for more info. Podcast production done by⁠ ⁠Outlier Audio⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	All right, best ever listeners, if you're looking to simplify how you invest in real estate,
0:04.0	especially new construction, then you've got to check out Lanar Investor Marketplace.
0:09.2	This is a platform designed to make investing in rental-ready homes a whole lot easier.
0:13.1	You can browse new construction properties across more than 90 markets nationwide.
0:18.5	And what I really like is that every listing comes with built-in data things
0:22.9	like rental comps neighborhood insights school scores and even projected expenses and appreciation
0:30.4	they've also got a fully loaded underwriting dashboard so you're not guessing you can see estimated
0:36.4	NOI expected expected returns,
0:39.1	and even rent projections tailor specifically for new homes.
0:43.1	And when you're ready to move forward,
0:45.0	the process is streamlined.
0:46.8	You can submit an offer directly through the marketplace
0:49.7	and a Lanar Associate will guide you through the next steps.
0:53.0	Plus, there are some strong advantages,
0:55.2	like access to pre-negotiated mortgage rates through Lenar's affiliate lender,
1:00.2	connections to property managers with below market rates, and warranty programs that help reduce
1:06.2	unexpected costs. Bottom line, if you want a more data-driven, simplified way to invest in new construction
1:13.2	rentals, Lenar Investor Marketplace is worth checking out. To learn more and start browsing
1:19.2	rental-ready homes today, visit the Lenar Investor Marketplace. Chris Reese, welcome back.
1:25.0	For the best ever listeners that have not heard your previous episode, if you don't mind, share a little bit about your background.
1:32.5	And you are actually one of the best ever pitch slam winners at the best ever conference.
1:36.9	So give people a little bit of your background, please.
	...

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