Autoscope subsidiary closes $2.05M real estate purchase with $1.74M Coulee Bank loan

AUTOSCOPE TECHNOLOGIES CORP

ISNS purchased land and building at 1115 Hennepin Ave, Minneapolis for $2,050,000 from TJ&Z.
Loan of $1,742,500 from Coulee Bank at 3.950% fixed, maturing December 10, 2026.
ISNS paid $100,000 earnest money and $230,119 at closing for purchase and costs.
Loan secured by mortgage and assignment of rents; no prepayment penalty unless refinanced.
Billboard lease on property assigned to ISNS; no other tenants currently.

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