Asa Portland Care Home LLC
Asa Portland Care Home LLC is an assisted living facility for the elderly located in Portland, Oregon, classified under NAICS code 623312. The company was financed with an SBA 7(a) loan for a change of ownership totaling $600,000, approved on July 3, 2024 by Mountain Pacific Bank.
SBA 7(a) loan, change of ownership, approved Jul 3, 2024
$600,000 approvedLender: Mountain Pacific Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $600,000
- SBA-guaranteed amount
- $450,000 (75% of the approval)
- Lender
- Mountain Pacific Bank, Everett, WA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- July 3, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $5,773 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 10, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- LLC or partnership
- NAICS
- 623312, Assisted Living Facilities for the Elderly
- Project location
- Multnomah County, OR
- SBA district office
- Portland District Office
- Congressional district
- OR-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 2% of acquisition loans in Assisted Living Facilities for the Elderly on this site.
- Average acquisition loan in Assisted Living Facilities for the Elderly: $1,782,411.
- Average acquisition loan in Oregon: $1,946,167.
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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