1963 Flatbush Realty LLC
1963 Flatbush Realty LLC is located in Brooklyn, NY, and the SBA lists its industry as Supermarkets and Other Grocery Retailers (except Convenience Retailers). It was approved for an SBA 504 loan ($1,972,000 SBA portion) on May 23, 2024 to finance real estate or equipment.
SBA 504 loan, approved May 23, 2024
- SBA (CDC) portion
- $1,972,000
- Bank portion
- $2,400,000
- Estimated project size
- $4,857,778 (estimated)
- Estimated owner equity
- $485,778 (estimated, about 10% of the project)
- Bank lender
- JPMorgan Chase Bank, National Association, Columbus, OH
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- May 23, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Business type
- Corporation
- NAICS
- 445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- Project location
- Kings County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-8
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 57% of expansion loans in Supermarkets and Other Grocery Retailers (except Convenience Retailers) on this site.
- Average expansion loan in Supermarkets and Other Grocery Retailers (except Convenience Retailers): $2,388,397.
- Average expansion loan in New York: $2,225,161.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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