How much would you like to Invest?
Rhino Holdings Jackson, LLC
Commercial • Development • 1250 Boardman Rd, Jackson, MI 49202
Loan Number: #L0000038
Available
$2,999
Investor Interest Rate
9%
Maturity Date
2/27/2023
Investment Summary
Rhino Holdings Jackson, LLC
Commercial • Development • 1250 Boardman Rd, Jackson, MI 49202
Loan Number: #L0000038
Available
$2,999
Investor Interest Rate
9%
Maturity Date
2/27/2023
Rhino Holdings Jackson, LLC
Commercial • Development • 1250 Boardman Rd, Jackson, MI 49202
Loan Number: #L0000038
| Full Commitment | $10,000,000 |
| Available | $2,999 |
| Investor Interest Rate | 9% |
| Minimal Investment Amount | $1,000 |
| Maturity Date | 2/27/2023 |
Investment Calculator
$
MOS
%
{{ calculate | money({prefix: '$', precision: 2, decimal: '.', thousands: ','}) }}
Jump to:
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.
17
Term
9 months with a 9 month extension for a total of 18 months.
Maturity Date
2/27/2023
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.