Blackstone Golf Club LLC
Blackstone Golf Club LLC is a golf course and country club business located in Marengo, Illinois, in the Golf Courses and Country Clubs industry. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $2,248,000, approved on June 25, 2025, through the lender Resource Bank, National Association, with SomerCor 504, Inc. as the certified development company.
SBA 504 loan, approved Jun 25, 2025
$2,248,000 SBA portionCDC: SomerCor 504, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,248,000
- Bank portion
- $3,140,000
- Estimated project size
- $5,986,667 (estimated)
- Estimated owner equity
- $598,667 (estimated, about 10% of the project)
- Bank lender
- Resource Bank, National Association, Dekalb, IL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- June 25, 2050 (estimated, approval date plus term)
- First disbursement
- Sep 17, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 713910, Golf Courses and Country Clubs
- Project location
- Mchenry County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-14
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 60% of expansion loans in Golf Courses and Country Clubs on this site.
- Average expansion loan in Golf Courses and Country Clubs: $2,299,350.
- Average expansion loan in Illinois: $2,310,827.
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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