NASCAR Speedpark

CCDFI provided $6.2MM in financing for NASCAR Speedpark to refinance existing debt and fund capital expenditures.

NASCAR Speedpark is a family entertainment park featuring go-kart racing, mini golf courses, amusement rides, and an arcade. Located in a low-income area, the park works with local nonprofit organizations to provide free access for children in need. NASCAR Speedpark retains the only remaining exclusive licensing agreement with The National Association for Stock Car Auto Racing (NASCAR) in the country.

Clearinghouse CDFI provided $6.2 million in financing for NASCAR Speedpark to refinance existing debt and fund capital expenditures. This includes installing a cashless ticket system, rebranding, and remodeling park facilities.

Completed upgrades will allow NASCAR Speedpark to serve an additional 82,000 individuals annually. This project preserves 220 part-time jobs and 89 full-time jobs.

Download the PDF: Just Funded – NASCAR Speedpark

Related Articles and Insights

HI-Express-Main-Image-Web

Holiday Inn Express & Suites Bethlehem | Hotel Acquisition Financing

Clearinghouse CDFI provided $8,037,500 in financing to Danbury Real Estate LLC to support…
Read Full Article
LifeROOTS-Inc-Main1

LifeROOTS, Inc. | $2 Million Loan Supporting Employment for Individuals with Developmental Disabilities

Clearinghouse CDFI provided a $2 million loan to LifeROOTS, Inc., supporting…
Read Full Article
Pinewood-Crossings-Main2

Pinewood Crossings | Acquisition Financing Supports Stabilized Retail Center

Clearinghouse CDFI provided $3,138,000 in acquisition financing for Pinewood Crossings, a…
Read Full Article
SSG-APCTC-1

Special Service for Groups – APCTC Center | Mental Health Center Financing

CCDFI provided $1.4 million to finance a community mental health facility, sustaining…
Read Full Article
HotelMarkTwain-SSG-1

Special Service for Groups – Mark Twain Hotel | Housing and Mental Health Support

CCDFI provided $10.1 million to sustain housing and mental health support at a 62-unit…
Read Full Article
Windsong-at-Southridge-web1

WindSong at Southridge – Kennewick, WA

CCDFI provided a $10.42 million loan for WindSong at Southridge Memory Care, a…
Read Full Article