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The security for the loan consists of a two-building industrial complex containing 472,903 square feet of net rentable area situated on 91.10 acres. The property in located in Witchita Fallas, TX approximately 100 miles northwest of Dallas, TX.

LTV/Stabilized Value: 47.03% $8,160,000 Southwest
Bridge Loan $5,642,000 Mid-Atlantic
Bridge Loan $1,655,000 Southeast
75% LTV $2,831,250 Southwest
73% LTV $6,600,000
Refinance $6,825,000

Red Oak delivered $5,615,000 in acquisition financing for an existing 25-bed acute care hospital campus located in Plymouth, NC. The facility at 958 US-64 includes an additional four medical office buildings, two general office buildings, and an additional 16 acres of land, or out-parcels, available for future development.

The facility was acquired from the federal court system, which controlled the property and had assigned the management of asset to Affinity Health Partners. The borrower is an experienced national healthcare management provider, which had been managing and operating the facility for the past nine months.

Bridge Loan $5,615,000 Southeast