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 Term||18.5 yrs|
|Participation Availability Amount||$210,894|
|Minimum Participation Amount||$220,545|
|Original Loan Amount||$487,500|
|Full Loan Documentation||Link|