ViviFi Ventures

Good seed credit fund

A commercial real estate investment fund focused on US cannabis debt financing and property acquisition
LET'S CONNECT

market SUMMARY

Current dynamics

Capital Gap
Most institutional capital avoids the cannabis industry. Cannabis capital markets are inefficient and lack liquidity

Real Estate Dyanmics
Mispriced tenant credit provides high investor yield premiums relative to comparable real estate premiums

resulting opportunity

Alternative-Use Property Valuation
Disciplined alternative-use underwriting creates downside protection

High Yield Dividend + Equity Upside
Investment offers high yield cash flow + equity warrants in cannabis companies or other revenue shares

INVESTMENT STRATEGY

Substantial Collateral 


Typical collateral packages include real estate, cannabis licenses, operating equipment, and cannabis company corporate and/or personal guarantees
Proven Cannabis Operators


We prioritize established operating companies demonstrating positive cash flow. These are prime acquisition targets as the industry consolidates

A‍


Instead of cultivation, we focus on:
(1) Dispensary retail buildings
(2) Warehouses occupied by manufacturing operations
G

‍‍
Focus on businesses with demonstrated history of success that are cash-constrained due to the anture of the industry and in a growth stage of their business

OUR EDGE

We leverage our extensive experience across real estate, risk management, and cannabis

DUNCAN MENDELSOHN

Managing Principal

Over 16 years' experience in commercial real estate, over 5 years in cannabis financing.

Personally underwritten $2 billion of commercial real estate loans. Establiahed and led credit department at Dwight Capital to $1 billion per year loan pipeline.

BRIAN
SINGER, CFA

Partner

Over 40 years' experience in global macro institutional investing.

Chief Investment Officer of UBS' $250 billion Americas multi-asset portfolios, led William Blair's Dynamic Allocation Strategies team, former Chair of CFA Institute Board of Governors and of CFA Institute Research Foundation.

LOTTA MOBERG, PhD, CFA

Partner

Over 7 years’ experience in global macro research, 12 years of economic research.

Macro economist, CFA Institute Research Foundation Board Member, former William Blair Dynamic Allocation Strategies analyst, economics author with university teaching experience.