Investment Opportunity: RV Park on a beautiful 45 acre property minutes from Tulsa

[Britt Wasson]

Investment Opportunity: Unlocking Value in Tulsa's Booming Commercial Property Market

Bank & Broker Hurdles: 2nd mortgage, low loan amount and start-up

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:

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

1. Bath House and Laundry Facility: Construct a modern bath house with laundry amenities within the RV Park, enhancing convenience and comfort for guests.
2. Paddock Expansion: Enlarge property paddocks to accommodate a wider range of activities and offerings, further solidifying our premier destination.
3. Restaurant / Commissary: Establish a top-tier dining experience within the existing Indoor Arena, providing an additional revenue stream and creating a unique attraction.
4. 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.

[Ryan Muska]

2nd Lienholders are hard to come by. More likely that you will have to refinance out of your first lien to achieve the funding you are looking for. For refinances, this is not hard to do as long as the numbers are verified.