Jackson County Board of Supervisors Meeting Minutes April 21 2026
County RLF Loan Supports Hinerichsen Property Real Estate
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Description
Jackson County approved a $120,000 Revolving Loan Fund loan to Hinerichsen Property Group LLC at 6% interest, amortized over 20 years with a five-year balloon, to purchase real estate. The financing is structured to support long-term occupancy for Preston Family Chiropractic LLC.
Contract Details
Contract Amount
$120,000.00
Vendor
HINERICHSEN PROPERTY GROUP LLC
Agency
Jackson County, IA
Contract Type
FINANCIAL_SERVICES
Document Date
April 21, 2026
Contract Term
Amortized over 20 years with a 5-year balloon at 6% interest
Renewal Date
2031-04-21
Renewal Info
Loan structured with a 20-year amortization and a balloon payment due after 5 years; renewal or refinancing terms at balloon date are not specified in the minutes.
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