Loan Type : Acquisition
Loan : $3,000,000
A $3,000,000 loan for a 413,000 square foot manufacturing and distribution center in Kansas City, Kansas. The loan carries a 5.0% interest rate with a five-year term and a 20-year amortization. A subsidiary of an investment grade company was a long-term occupant. RPC was able to meet the client’s primary requirement of non-recourse financing despite the age and location of the asset.