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Affectionate Care Assisted Living & Memory Care Home

Richmond, TX · Assisted Living Facilities for the Elderly · NAICS 623312

Affectionate Care Assisted Living & Memory Care Home is located in Richmond, TX, and operates in the assisted living facilities for the elderly industry (NAICS 623312). The business financed real estate or equipment through an SBA 504 loan of $1.69 million, approved on February 9, 2024, with Bank Five Nine as the participating bank and LiftFund, Inc. as the certified development company.

SBA 504 loan, approved Feb 9, 2024

$1,690,000 SBA portionCDC: LiftFund, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,690,000
Bank portion
$2,357,500
Estimated project size
$4,497,222 (estimated)
Estimated owner equity
$449,722 (estimated, about 10% of the project)
Bank lender
Bank Five Nine, Oconomowoc, WI
CDC
LiftFund, Inc.
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
February 9, 2049 (estimated, approval date plus term)
First disbursement
Apr 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
24
Business type
Corporation
NAICS
623312, Assisted Living Facilities for the Elderly
Project location
Fort Bend County, TX
SBA district office
Houston District Office
Congressional district
TX-22
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

  • Larger than 49% of expansion loans in Assisted Living Facilities for the Elderly on this site.
  • Average expansion loan in Assisted Living Facilities for the Elderly: $1,996,284.
  • Average expansion loan in Texas: $2,316,979.

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 Texas