Speedsportz Racing Park

LOAN AMOUNT: $5,000,000

LOAN TYPE: USDA B&I Loan

INDUSTRY: Recreational Complex

LOAN DETAILS

Location

St. New Caney, Texas

Term

25 Years

Prepayment Penalty

7,6,5,4,3,2,1

History

USAF Funds are celebrating their 30th year in the secondary market this year. Our longevity is a testimony to the service we provide lenders as a direct end investor. Our personnel are unique in that they have both lending and buying experience. Next time you are looking to gain a competitive advantage, navigate the maze or simply make more profit call Thomas USAF Group.

The $5 Million USDA B&I loan was used to purchase land, construct the tracks and facilities at this recreational and performance karting complex, as well as provide working capital for the Speedsportz Racing Park at Grand Texas, a venture led by developer Tim Crawford and kart-racing veteran Alan Rudolph. The project site is part of larger entertainment development, NW of Houston, and will provide state of the art tracks, storage and maintenance facilities, gaming attractions and a racing school led by Mr Rudolph, a world renowned driver and trainer. The project will feature a rental concession track, performance racing track, storage facilities for karts and the Alan Rudolph Racing Academy.