Oklahoma Industrial Real Estate Purchase
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Loan Amount: $300,000
Collateral: First Trust Deed on a 16,187 sq ft commercial/industrial building sitting on 4.98 acres of land in Ardmore, Oklahoma.
Loan-to-Value: 55% based on purchase price of $550,000. Based on a multitude of comparable sales in the area and an average of $61.44 per sq ft the property is worth $994,500. So our 55% value makes this a good purchase. Original listing price was $595,000.
Interest Rate: 12.50% per annum, paid monthly. Note rate is 13%.
*NV Capital Corporation will receive a 0.5% interest override.
Minimum Interest: Six months minimum interest guaranty. No prepayment penalty after six months.
Term: 12 Months.
Borrower/Guarantor Profile: The principal is experienced in this field across the country.
RISK DISCLOSURE All real estate markets can be negatively affected by interest rates, availability of capital, supply and demand factors, and general economic conditions both locally and nationally. The investor should review this proposal with these risk factors in mind, and base the investment decision on both existing market conditions and potential changes in the economy, as well as the investor’s personal objectives and risk tolerance.