Recently Closed: RV Park Acquisition Loan of $4,357,500 with Rehab Budget

July 20, 2022

BluePoint arranged the purchase financing for a Northern Washington RV Park that will undergo significant improvements. The loan amount is at 70% Loan to Cost and includes funds for more than $800,000 of improvements that are scheduled to be made to the property post close. Other loan terms include a 5-yr fixed rate at 5.00%, 2 years of interest-only payments, and a borrower-friendly step-down prepayment penalty.

  • Property Type: RV Park
  • Loan Type: Purchase
  • Location: Northern Washington
  • LTC: 70%
  • Rate: 5.00% / 5 years Fixed
  • Interest Only: 2 years
  • Term: 10 Years
  • Prepayment Penalty: Step down
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