Wolf Creek Stables
Kellie Monahan Riordan is a seasoned equine professional, with more than two decades of experience in barns and facilities from Massachusetts to Florida. Over the past several years she successfully grew class and boarding revenue at a Mass. facility, in addition to serving as the riding coach at MIT and Northeastern. In 2015, Kellie decided it was time to open her own facility and purchased Wolf Creek Stables in Deerfield, N.H.
Kellie got bank financing to purchase the home and horse farm. But when the bank hit the limit of her collateral, she needed additional financing to purchase the property.
Why the Community Loan Fund made the loan
The boarding revenue generated by the property’s previous owners, along with Kellie’s significant expertise and solid business plan, made us confident she could generate enough cash flow to grow her business, support herself and her family, and also repay the Community Loan Fund.
The Community Loan Fund and the bank advanced the funds for Kellie to purchase the property. Boarding, class, and summer camp revenue continue to grow.