Kenilworth 2023 Loan
1915 E. Kenilworth Pl.
MDC paid off the current loan amount of $1.2 million with Old National Bank. MDC will lend Kenilworth Retail, LLC the same amount for a 24-month term commencing June 10th. The interest rate shall be 5.5% interest only. Both MDC and Kenilworth Retail, LLC have the right to call the loan due or pay off the loan with 90 days notice. As under the current loan, our partners in Kenilworth, including Doug Weas, will personally guarantee their 75% portion of the loan.
| Project Details | |
|---|---|
| Start Date | June 2023 |
| End Date | June 2025 |
| Initial Investment | $1,200,000 |
| Partners |
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| Financial Impact | |
Kenilworth – Before
