- The global cannabis market is expected to reach $33 billion by 2025, driven by legality and regulation within the market
- REZYFi is servicing the needs of both traditional and non-traditional consumers and businesses
- Company targets licensed and permitted cannabis companies, owners of real estate who lease to cannabis companies, and companies and individual homeowners seeking a variety of real estate-related first and additional mortgage-based financing
- REZYFi’s management team is leveraging its extensive industry experiences in real estate, finance and cannabis to pursue company objectives
The cannabis industry has experienced significant growth in recent years due to the expanding legalization and interest from venture capital firms. This growth is not only being seen in the United States but worldwide. Global cannabis sales are expected to increase from $13.4 billion in 2020 to $33 billion by 2025 (https://nnw.fm/R6Txj). Legality and regulation are key forces that drive this market in the United States, but banking continues to be a challenge as cannabis companies cannot legally access traditional banking services. The Federal Reserve began raising interest rates in March 2022, which makes it even harder for cannabis companies to raise capital and fuel future growth.
As a cannabis mortgage bank servicing the needs of both traditional and non-traditional consumers and businesses, REZYFi is targeting markets that include licensed and permitted cannabis companies, owners of real estate who lease to cannabis companies, and companies and individual homeowners seeking a variety of real estate-related first and additional mortgage-based and project-specific financings – like solar installations and real estate development projects. The company is positioned as one of the first cannabis mortgage bankers in the United States, an arena where most traditional lenders remain reticent to serve state-licensed cannabis companies.
To overcome many of the challenges that the companies in the cannabis industry face, REZYFi plans to utilize its corporate strengths to facilitate growth, namely experience, a network of independent brokers, and proprietary technology. REZYFi’s experience comes from a management team with significant expertise that spans a wide range of real estate and financial sectors. This team also has extensive experience in the cannabis and hemp industries, which they will leverage as the company navigates the ever-changing cannabis industry landscape.
Over the past five years, REZYFi has developed an extensive network of independent mortgage-related brokers and licensed loan officers, allowing the company to train network members on its new service offerings. REZYFi believes this network is a vital asset as it moves forward in an industry where other firms are abandoning the cause. These strengths, coupled with REZYFi’s proprietary automated/machine learning technology, can shorten the loan processing timeframes and increase overall efficiencies. This allows REZYFi to operate its legacy business at staffing levels meaningfully below its competitors.
REZYFi operates through its two wholly owned subsidiaries from its base of operations in Miami, Florida. The first, REZYFi Lending, primarily addresses the emerging real estate-related financing opportunities within the targeted industry. The second, ResMac Inc., is the company’s traditional mortgage origination, correspondent and servicing option. These subsidiaries are licensed to serve 34 states, and the company plans to expand to the remaining 16 states later in 2022.
For more information, visit the company’s website at www.REZYFi.com.
NOTE TO INVESTORS: The latest news and updates relating to REZYFi are available in the company’s newsroom at https://nnw.fm/REZY
NetworkNewsWire (“NNW”) is a financial news and content distribution company, one of 50+ brands within the InvestorBrandNetwork (“IBN”), that provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience comprising investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)
For more information, please visit https://www.networknewswire.com
NetworkNewsWire is part of the InvestorBrandNetwork