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Avalon Bay Hospitality, LLC, a California limited liability company

Avalon, CA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Avalon Bay Hospitality, LLC, a California limited liability company in Avalon, CA, operates in the hotels (except casino hotels) and motels industry. It was financed with an SBA 7(a) loan for a change of ownership, approved on May 7, 2024, in the amount of $4,070,000 through CalPrivate Bank.

SBA 7(a) loan, change of ownership, approved May 7, 2024

$4,070,000 approvedLender: CalPrivate Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,070,000
SBA-guaranteed amount
$3,052,500 (75% of the approval)
Lender
CalPrivate Bank, La Jolla, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.25%, variable
Term
25 years (300 months)
Estimated maturity
May 7, 2049 (estimated, approval date plus term)
Estimated monthly payment
$40,628 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 15, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-47
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 63% of acquisition loans in Hotels (except Casino Hotels) and Motels on this site.
  • Average acquisition loan in Hotels (except Casino Hotels) and Motels: $3,241,374.
  • Average acquisition loan in California: $1,688,228.

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 California