ACRES Capital Corp. has originated a $15.9 million loan to fund the acquisition, renovation, and combination of Hart’s Camp and Cape Kimawnda RV Resort, a nationally recognized tourist destination on the Oregon coast.
Hart’s Camp will feature:
• 38 RV sites and seven permanent airstream RVs
Cape Kiwanda RV Resort will feature:
• 110 RV sites, seven tent sites
• 14 cottages, and 14 camping cabins
• Pizzeria, a market, and a deli with an ice cream shop
In addition to the acquisition and merger of the two facilities, the loan will fund numerous renovations to the property and improvements to the customer experience, including updates to the RV sites, augmentations to on-premises retail offerings, and a redesign of the corporate offices for more efficient utilization.
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