This farm supply retailer operates out of eight big box retail properties. This is a request to refinance debt against properties held through their other companies. Sixty years ago, the owners opened their first farm supply store in Illinois, the business has since grown into seven retail locations and one headquarters/distribution center, the newest store an out-of-state expansion to Iowa. Retail locations have relocated and/or expanded throughout the years, tripling in size by 1996 and 2002, respectively.

Loan ID 0155
DSCR 1.72
LTV 78.32
Note Rate 5.79
Property Location IL
NAICS 444220
Guaranty Type USDA
Loan Term 28 yrs
Rate type Var
Note date 9/22/2021
Maturity date 09/22/2049
Participation Availability Amount $1,600,000
Minimum Participation Amount $250,000
Original Loan Amount $16,000,000
Full Loan Documentation Link
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