Loan Request for Commercial loan in Clay, WV, 25043

Request #3711705 by Lender

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Date Posted

1/29/2025 10:03:41 AM

Property at

Clay, WV, 25043, USA Show Map

Borrower at

Property Type

Commercial

Property Value

$9,500,000

Loan Request

$1,000,000

LTV

10.53 %

Credit Rating

780 or more

Net Worth

$4,000,000 - $10,000,000

Loan Purpose

Refinance all

Purpose

This is an exceptional opportunity to provide a secured loan against a prime 7
.6-acre industrial site in West Virginia, poised for significant value appreciation. The site is part of a joint venture between a well-established California-based manufacturer and a reputable local landowner who also owns his own industrial/warehouse business. The manufacturer will construct a $10 million state-of-the-art facility on the land, projected to generate $50 million in annual revenue by year 5 and achieve profitability by end of year 3. Both parties bring over 20 years of successful business experience, stellar credit, and substantial net worth, significantly de-risking this investment.

The Opportunity:
Loan Amount: Up to $1 million.
Collateral: The 7.6-acre site, with a current appraised value of $1 million and a future value of $10 million upon facility completion. The landowner also owns an additional 20 acres in the same area as potential additional collateral as long as all parties agree to terms.
Borrower: The joint venture between the manufacturer and the landowner.
Parties' Financial Strength:
Manufacturer: 20+ years in business, stellar credit, $5+ million net worth.
Landowner/Industrial: 20+ years in business, stellar credit, $3+ million net worth.
Project: Construction of a $10 million industrial facility serving the high-growth energy and semiconductor industries. (Funding already in place)
Projected Revenue: $50 million annually by year 5, profitable by year 3.

Why This is a Compelling Investment:
Strong Partnership: Two experienced and financially sound businesses are collaborating on this venture, reducing the risk of project failure.
High-Growth Industries: The facility will serve the energy and semiconductor sectors, both experiencing significant growth and demand.
Significant Value Appreciation: The land's value is projected to increase tenfold upon facility completion, providing substantial security for the loan.
Possibility for Additional Collateral: The landowner's additional 20 acres offers further opportunity.

Clear Exit Strategy: The strong financial position of the joint venture partners and the high revenue projections suggest a high probability of loan repayment.
Loan Structure (Illustrative - Subject to Negotiation):

Interest Rate: Open to negotiation – commensurate with the perceived risk and market conditions.

Loan Term: Open to options – aligned with the facility construction timeline and projected revenue generation.

Repayment Schedule: Open to negotiations but would not want to make any payments for at least 12 months.
Security: First lien position on the 7.6-acre site. The site currently has some warehouses on it that the joint venture will be able to utilize immediately to start generating revenue within 12 months

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Loan Request for Commercial loan in Clay, WV, 25043