Main Street Registry

Courtyard by Marriott I-95

Saint Augustine, FL · Hotels (except Casino Hotels) and Motels · NAICS 721110

Courtyard by Marriott I-95 is a hotel business in Saint Augustine, Florida, in the industry Hotels (except Casino Hotels) and Motels. It financed real estate or equipment through an SBA 504 loan of $4,427,000, approved on August 15, 2024 by Central Bank with Florida Business Development Corporation as the certified development company.

SBA 504 loan, approved Aug 15, 2024

$4,427,000 SBA portionCDC: Florida Business Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$4,427,000
Bank portion
$6,985,000
Estimated project size
$12,680,000 (estimated)
Estimated owner equity
$1,268,000 (estimated, about 10% of the project)
Bank lender
Central Bank, Tampa, FL
CDC
Florida Business Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
August 15, 2049 (estimated, approval date plus term)
First disbursement
May 13, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
1
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Courtyard by Marriott
Project location
Saint Johns County, FL
SBA district office
North Florida District Office
Congressional district
FL-4
Collateral
Yes

Estimated share of project by source

Bank 55% SBA (CDC) 35% Owner 10%

  • Larger than 82% of expansion loans in Hotels (except Casino Hotels) and Motels on this site.
  • Average expansion loan in Hotels (except Casino Hotels) and Motels: $2,843,226.
  • Average expansion loan in Florida: $2,058,496.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Florida