ViviFi Ventures

Good seed REAL ESTATE fund

Focused on U.S. cannabis debt financing and property acquisition
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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
Avoid Cultivation Facilities

Cultivation cost basis typically far exceeds alternative use property value. Instead, we focus on:
(1) Dispensary retail buildings
(2) Warehouses occupied by manufacturing operations‍
Growth Capital
‍‍
Focus on businesses with a demonstrated history of success that are cash-constrained due to the nature of the industry and are 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. Established 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.

ABOUT VIVIFI VENTURES

ViviFi Ventures, LLC was founded in 2022 with the mission to be a trusted alternative asset investment group. The Good Seed Real Estate Fund is focused on the cannabis real estate market.

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