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Beehive Homes of Cypeess Texas, LLC

Houston, TX · Nursing Care Facilities (Skilled Nursing Facilities) · NAICS 623110

Beehive Homes of Cypeess Texas, LLC is a nursing care facility in Houston, Texas, classified under NAICS code 623110 (Skilled Nursing Facilities). The company financed real estate or equipment through an SBA 504 loan of $1,206,000, approved on January 4, 2024, with Newtek Bank, National Association as the lender and LiftFund, Inc. as the certified development company. The loan is associated with the Bee Hive Homes franchise and reports 19 jobs.

SBA 504 loan, approved Jan 4, 2024

$1,206,000 SBA portionCDC: LiftFund, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,206,000
Bank portion
$1,470,500
Estimated project size
$2,973,889 (estimated)
Estimated owner equity
$297,389 (estimated, about 10% of the project)
Bank lender
Newtek Bank, National Association, Miami, FL
CDC
LiftFund, Inc.
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
January 4, 2049 (estimated, approval date plus term)
First disbursement
Apr 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
19
Business type
Corporation
NAICS
623110, Nursing Care Facilities (Skilled Nursing Facilities)
Franchise
Bee Hive Homes
Project location
Harris County, TX
SBA district office
Houston District Office
Congressional district
TX-2
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 17% of expansion loans in Nursing Care Facilities (Skilled Nursing Facilities) on this site.
  • Average expansion loan in Nursing Care Facilities (Skilled Nursing Facilities): $2,434,200.
  • 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