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 | 155 |
| DSCR | 1.72 |
| LTV | 78.32 |
| Note Rate | 5.79 |
| Property Location | IL |
| Type | 444220 |
| Guaranty Type | USDA |
| Loan Term | 28 yrs |
| Rate type | Var |
| Note date | 09/22/2021 |
| Maturity date | 09/22/2049 |
| Participation Availability Amount | $0 |
| Minimum Participation Amount | $250,000 |
| Original Loan Amount | $16,000,000 |
| Full Loan Documentation | Link |
| Inquire | Inquire |