The Borrower is a wholly owned subsidiary of a publicly traded Canadian company. The Borrower has accumulated 118 mining claims on 2100 acres in Juab County, Utah. These claims include several existing but inactive fluorspar mines. All sites are fully permitted, on a federal, state, and local level. The Borrower plans to reopen several mining sites in the Spor Mountains and build an ore processing plant in Millard County, Utah.
| Loan ID | 0184 |
| DSCR | TBD |
| LTV | 71.72 |
| Note Rate | 10.5 |
| Property Location | UT |
| NAICS | 212319 |
| Guaranty Type | USDA B&I |
| Loan Term | 15 yrs |
| Rate type | Var |
| Note date | N/A |
| Maturity date | N/A |
| Participation Availability Amount | $0 |
| Minimum Participation Amount | $250,000 |
| Original Loan Amount | $4,420,000 |
| Full Loan Documentation | Link |
| Inquire | Inquire |