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Board approves $120,000 revolving loan for Preston Family Chiropractic site purchase
Summary
Jackson County approved a $120,000 Revolving Loan Fund loan to Hinerichsen Property Group LLC/Preston Family Chiropractic LLC at 6% interest amortized over 20 years with a five-year balloon to finance real estate purchase.
The Jackson County Board of Supervisors approved a $120,000 Revolving Loan Fund loan to Hinerichsen Property Group LLC/Preston Family Chiropractic LLC on April 21, 2026.
ECIA Community & Economic Development Director Matt Specht and Revolving Loan Committee member Leo McGarry presented the request. The board approved the loan with a 6% interest rate amortized over 20 years and a five-year balloon payment schedule; the motion carried unanimously (Aye: Don Schwenker, Mike Steines, Nin Flagel).
The loan is designated for purchase of real estate to support Preston Family Chiropractic’s location; specific property details and closing timelines were presented to the board by ECIA staff.
