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Rhino Holdings Jackson, LLC
Commercial • Development • 1250 Boardman Rd, Jackson, MI 49202
Loan Number: #L0000038
Interest Yield(APY)
9%
Investment Confirmation
Your investment has been successfully submitted.
The note purchase for this agreement will be sent to you when the funds clear.
Please reference the agreement for the maturity date.
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Investment Selection Summary
Your investment has been successfully submitted.
The note purchase for this agreement will be sent to you when the funds clear.
Please reference the agreement for the maturity date.
Short Note
18 Month Short Note
Annualized Interest Rate
9%
Select External Account to Fund This Investment:
No Bank
Enter amount to invest
$0
How would you like to fund this investment?
| Full Commitment | $10,000,000 |
| Available | $0 |
| Investor Interest Rate | 9% |
| Minimal Investment Amount | $1,000 |
| Maturity Date | 11/21/2022 |
Monthly Interest Calculator
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About
About this property
Property Address
1250 Boardman Rd, Jackson, MI 49202
Property Details
A larger shopping mall, approximately 136,000 square feet, located in Jackson, MI. Since acquiring the site in 2019, the borrower has updated the property to new building codes. Going forward, the borrower needs additional capital for specific tenant improvements to new suites. With 90% occupancy, this asset will generate great cash flow to make it easy to get refinanced.
How the funds will be used
Development
Borrower will utilize funds to refinance the property and complete renovations.
How the funds will be used
Development
Borrower will utilize funds to refinance the property and complete renovations.
Financials
Borrower
GGD Oakdale, LLC
Payment
Borrower interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period.
-22
Term
9 months with a 9 month extension for a total of 18 months.
Maturity Date
11/21/2022
Maturity date can fluctuate and is dependent on the date the loan funds.
Borrower
GGD Oakdale, LLC
GGD Oakdale, LLC is a special purpose entity established by Sanjiv Chopra as the real estate arm of the borrower. The borrower has extensive experience in real estate development over the last decade with over $200 million in commercial real estate transactions. Through the acquisition and leasing of properties throughout the west coast the borrower’s expertise has potentially added value to many communities. Our partner Ignite Funding has been a part of funding some of those projects.
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