Distribution and Manufacturing Center in Morristown, TN

 

CAPITALIZATION HIGHLIGHTS

 

  • $4.5MM
  • 10 year term with 25 year amortization
  • Prepayable any time without penalty
  • Funding Source: Credit Union

 

SALIENT DEAL POINTS

 

  • Cash out equal to 2.5x of the initial purchase price
  • Negotiated no holdback for renovation in progress
  • Navigated a phase 2 environmental inspection due to prior manufacturing use