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

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