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Express South Lake Tahoe Hotel LLC

South Lake Tahoe, CA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Express South Lake Tahoe Hotel LLC is a hotel business in South Lake Tahoe, California, in the hotels (except casino hotels) and motels industry. The company financed real estate or equipment through an SBA 504 loan of $5,118,000, with CommerceWest Bank as the lender and The Mortgage Capital Development Corporation as the certified development company, approved on October 31, 2024.

SBA 504 loan, approved Oct 31, 2024

$5,118,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$5,118,000
Bank portion
$7,149,000
Estimated project size
$13,630,000 (estimated)
Estimated owner equity
$1,363,000 (estimated, about 10% of the project)
Bank lender
CommerceWest Bank, Irvine, CA
CDC
The Mortgage Capital Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
October 31, 2049 (estimated, approval date plus term)
First disbursement
Oct 15, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
37
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Holiday Inn Express/Holiday Inn Express & Suites
Project location
El Dorado County, CA
SBA district office
Sacramento District Office
Congressional district
CA-4
Collateral
Yes

Estimated share of project by source

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

  • Larger than 96% 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 California: $2,161,468.

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