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Rhino Holdings Nampa, LLC (8909)

Commercial • Development • 1509 Caldwell Boulevard, Nampa, ID 83687
Loan Number: #L0000005
Full Commitment $13,600,000
Available
$0
Investor Interest Rate
9%
Minimal Investment Amount
$1,000
Maturity Date
9/18/2021
Borrower
Rhino Investments Group
Loan to Value Ratio
--
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About this property

Property Address
1509 Caldwell Boulevard, Nampa, ID 83687
Property Details
Rhino Investments Group, LLC established Rhino Holdings Nampa, LLC as the special purpose entity for the acquisition of the Karcher Mall located in Nampa, ID. The mall was acquired to renovate and convert the indoor shopping area into an outdoor oriented “lifestyle center”.
How the funds will be used

The borrower will utilize the funds for the demise and development of the new facility.
How the funds will be used

The borrower will utilize the funds for the demise and development of the new facility.

Financials

Borrower
Rhino Investments Group
Loan Offering
$1,000
Full Commitment
$13,600,000
Yield
9%
Payment
Interest payments are paid monthly, between the 1st and the 5th of the month.
* Notes are structured as borrower payment dependent notes, not secured by any Connect Invest assets. Please review our Privacy Placement Memorandum for additional information.
Type of Project
Commercial
Phase of Project
Development
7
Term
18 months
Maturity Date
9/18/2021

Maturity date can fluctuate and is dependent on the date the loan funds.

Valuation Amount
--
Loan to Value Ratio
--
Exit Strategy
The Note will be paid in full upon the refinance of the property.

Borrower

Rhino Investments Group
Rhino Investments Group, LLC is a private real estate acquisition and development firm. Rhino Investments principal expertise is repositioning and redeveloping underutilized, distressed or environmentally challenged commercial properties. Rhino Investments diversified portfolio includes over 3 million square feet located on over 20+ sites throughout the United States.