Question: Should I be able to find investors that will accept an under 65% LTV 2nd position for a 24 month term, interest only @ 12% or an equity position at $300k per 10%

Overview: I own a prime 45-acre multi-use commercial property strategically located a mere 12 minutes north of Downtown Tulsa. The existing infrastructure includes an RV park with 16 hook-ups, complemented by an impressive 81,000 square feet of diverse buildings, featuring a state-of-the-art 54,000 square foot indoor arena, a 26-stall indoor horse stable, a 40-stall covered barn, public restrooms, and a 3,500 square foot, 20-foot ceiling insulated metal building. Notably, the property's efficient water management system redirects all guttering and downspouts to underground piping leading to the property's ponds.

Expansion and Enhancement Plans: With a strategic infusion of $650k, we are poised to realize significant value and cater to the burgeoning demand in the Tulsa region. The proposed allocation of funds will enable:

RV Park Expansion: Increase capacity from 16 to 62 units, seizing the opportunity presented by the high demand in the area.

Bath House and Laundry Facility: Construct a modern bath house with laundry amenities within the RV Park, enhancing convenience and comfort for guests.
Paddock Expansion: Enlarge property paddocks to accommodate a wider range of activities and offerings, further solidifying our premier destination.
Restaurant / Commissary: Establish a top-tier dining experience within the existing Indoor Arena, providing an additional revenue stream and creating a unique attraction.
Geogrid RV Pads: Implement geogrid pads equipped with 30a or 50a service, water, and sewer connections, ensuring a seamless and high-quality experience for RV enthusiasts.

Market Dynamics: The potential for success is underscored by the strong demand for RV parks in the region. A neighboring RV park just a mile away boasts 175 units and is currently operating with a wait list. With the proposed enhancements, we expect our RV park to achieve full occupancy within a year.

Financial Snapshot:

Current Property Value: $3 million
Existing Mortgage (30-year @ 3.5%): $1.17 million
Investment Amount: $650k
Target Selling Price: $6 million plus
Target Time Frame: 24 months

Conclusion: This project presents a compelling opportunity to invest in a well-positioned, versatile commercial property in the heart of Tulsa's vibrant market. The combination of strategic enhancements and robust market demand sets the stage for a lucrative return on investment.

Tulsa, Oklahoma

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