Requesting loan of $450000 to finance The Keep. Loan will be used to pay off tenant improvement loans of approximately $375000, and purchase remaining supplies
The Keep seeks to be recognized as Portland, Oregon's premier member's-only social club and professional event space. The Keep will offer 600 to 650 locker memberships of various levels with dues ranging from $1,000 to $5,000 per year. There will also be monthly locker rental fees ranging from $100 to $800 depending on the membership levels and locker size. Additional revenue will be generated through event rental fees.