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Atlas Villas Memory Care LLC

East Bethel, MN · Assisted Living Facilities for the Elderly · NAICS 623312

Atlas Villas Memory Care LLC is an assisted living facility for the elderly located in East Bethel, Minnesota, classified under NAICS code 623312. The company was approved for an SBA 504 loan of $2,697,000 dated December 2, 2025, through the Twin Cities-Metro Certified Development Company with 21st Century Bank as the participating lender, and the loan is listed as not funded.

SBA 504 loan, approved Dec 2, 2025

$2,697,000 SBA portionCDC: Twin Cities-Metro Certified Development Company25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$2,697,000
Bank portion
$3,750,000
Estimated project size
$7,163,333 (estimated)
Estimated owner equity
$716,333 (estimated, about 10% of the project)
Bank lender
21st Century Bank, Loretto, MN
CDC
Twin Cities-Metro Certified Development Company
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
December 2, 2050 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
40
Business type
Corporation
NAICS
623312, Assisted Living Facilities for the Elderly
Project location
Anoka County, MN
SBA district office
Minnesota District Office
Congressional district
MN-6
Collateral
Yes

Estimated share of project by source

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

  • Larger than 81% 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 Minnesota: $2,136,981.

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 Minnesota