Company owns 18.3 acres of real estate, 8 acres of which will be developed for parking services in TX. Because of its strategic location, the company will provide parking for a Waterpark, Speed Racing Park, and other area attractions with approximately 1,200 spaces. The lot will have 1,000 general parking spots at $10 each and 200 preferred parking spots at $15 each.  Much of the revenue will come from direct sales to customers visiting nearby attractions. Other revenue sources include rental income from usage leases with special event parking/hosting and land rental for local events.

Loan ID 0102
DSCR 2.04
LTV 65.36
Note Rate 7.4
Property Location TX
NAICS 812930
Guaranty Type USDA
Loan Term 18.5 yrs
Rate type Var
Note date 02/26/2018
Maturity date 01/09/2036
Participation Availability Amount $210,894
Minimum Participation Amount $210,894
Original Loan Amount $487,500
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