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Fountain Assisted Living Center LLC

Mesa, AZ · Assisted Living Facilities for the Elderly · NAICS 623312

Fountain Assisted Living Center LLC is an assisted living facility for the elderly in Mesa, Arizona, classified under NAICS 623312. The company financed real estate or equipment through an SBA 504 loan of $1,263,000 approved on November 8, 2024, with Celtic Bank Corporation as the bank partner and The Mortgage Capital Development Corporation as the certified development company.

SBA 504 loan, approved Nov 8, 2024

$1,263,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,263,000
Bank portion
$1,763,700
Estimated project size
$3,363,000 (estimated)
Estimated owner equity
$336,300 (estimated, about 10% of the project)
Bank lender
Celtic Bank Corporation, Salt Lake City, UT
CDC
The Mortgage Capital Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
November 8, 2049 (estimated, approval date plus term)
First disbursement
Mar 12, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
11
Business type
Corporation
NAICS
623312, Assisted Living Facilities for the Elderly
Project location
Maricopa County, AZ
SBA district office
Arizona District Office
Congressional district
AZ-5
Collateral
Yes

Estimated share of project by source

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

  • Larger than 21% of expansion loans in Assisted Living Facilities for the Elderly on this site.
  • Average expansion loan in Assisted Living Facilities for the Elderly: $1,996,284.
  • Average expansion loan in Arizona: $2,074,452.

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 Arizona