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Adrian Real Estate Holdings, LLC

Adrian, MI · Hotels (except Casino Hotels) and Motels · NAICS 721110

Adrian Real Estate Holdings, LLC is a hotel, motel and related lodging business in Adrian, Michigan, classified under NAICS code 721110 for hotels except casino hotels and motels. The company financed real estate or equipment through an SBA 504 loan of $1,302,000, approved on October 3, 2023, with Oxford Bank as the lender and Great Lakes Commercial Finance as the certified development company.

SBA 504 loan, approved Oct 3, 2023

$1,302,000 SBA portionCDC: Great Lakes Commercial Finance25 years termPaid in fullLoan details
SBA (CDC) portion
$1,302,000
Bank portion
$1,270,404
Estimated project size
$2,858,227 (estimated)
Estimated owner equity
$285,823 (estimated, about 10% of the project)
Bank lender
Oxford Bank, Oxford, MI
CDC
Great Lakes Commercial Finance
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
October 3, 2048 (estimated, approval date plus term)
First disbursement
Dec 13, 2023
Loan status
Paid in full
Jobs supported
3
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Lenawee County, MI
SBA district office
Michigan District Office
Congressional district
MI-7
Collateral
Yes

Estimated share of project by source

Bank 44% SBA (CDC) 46% Owner 10%

  • Larger than 12% of expansion loans in Hotels (except Casino Hotels) and Motels on this site.
  • Average expansion loan in Hotels (except Casino Hotels) and Motels: $2,843,226.
  • Average expansion loan in Michigan: $2,050,489.

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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Same industry in Michigan