Equestrian Training Facility, Spencer OK
Busy equestrian training property located in Spencer, OK. Consisting of 17 stalls, this property has all the amenities needed for horse enthusiasts to comfortably board, train and care for their animals including 4 stables, horse track, comes and approximately $60,000 in property maintenance equipment. Grounds are managed by on-site resident laborers.
Property management will be provided by Chad Black a development partner of the North Peak network based in Oklahoma City.
North Peak Investments will refinance the property at the conclusion of the mandatory seasoning period of no less than 6 months and no more than 12 months. Investor will be paid monthly interest payments of 20% (ARR) until the seasoning period concludes and the investor is repaid in full.
|Term Length:||6 – 10 months|
|Underlying Security:||Real Property|
|Presented By:||North Peak|
North Peak Investments is pleased to offer our investor community an opportunity to invest in a real estate portfolio consisting of one bridge loan secured by a single Equestrian Training Facility.
Bridge loans, also known as swing loans, gap financing or interim financing, are helpful to borrowers as they provide both an expedited access to capital and a short term borrowing solution. In exchange for the flexibility and other benefits bridge loans provide, lenders receive an attractive interest rate and collateral package as security.
For more information of what makes up the collateral package and the particulars of this investment please continue to review this offering page and download the proforma located on this page.
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