Pelorus Equity Group Converts Existing Debt Fund to a Mortgage REIT
NEWPORT BEACH, Calif., March 31, 2020 /PRNewswire/ — Pelorus Equity Group, a cannabis-focused investment firm that specializes in providing value-add lending secured by real estate assets, today announced it has converted its existing debt fund to a private mortgage Real Estate Investment Trust (REIT). This decision was made by Pelorus to maximize investor tax benefits paid through dividends and provide additional growth opportunities for the company to expand its cannabis loan portfolio nationwide in medically licensed states. The Pelorus Fund’s REIT status will take effect on April 1, 2020.