Red Oak Capital Funds $9.7M Loan For Panda Biotech's Hemp Processing Facility In Wichita Falls

The asset involved in this transaction is an industrial property located at 8600 Interstate 44 Service Road in Wichita Falls. This facility spans 472,903 square feet and is situated on 97 acres of land. The transaction involves a refinance loan amounting to $9,700,000, which is part of a two-year term at a fixed interest rate of 10.5 percent.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $9,700,000
• Address: 8600 Interstate 44 Service Road
• Market: Wichita Falls
• Asset Size: 472,903 SF
• Land Size: 97 Acres
• Lender: Gary Bechtel - Red Oak Capital Holdings
• Landlord: Robert Carter - Panda Biotech
• Brokers: Grant Garlock & Miles Kallial - BMC Capital
• Loan Type: Refinance
• Loan Terms: Two-year term, fixed 10.5 percent interest rate

Key individuals involved in the deal include Gary Bechtel, representing Red Oak Capital Holdings as the lender, and Robert Carter, the landlord and CEO of Panda Biotech. The brokerage team of Grant Garlock and Miles Kallial from BMC Capital facilitated the transaction, ensuring that the refinance supported ongoing operations at the hemp processing facility.