Hampton Manor of Montrose LLC
Hampton Manor of Montrose LLC, located in Montrose, Michigan, operates in the nursing care facilities (skilled nursing facilities) industry. The company financed real estate or equipment through an SBA 504 loan of $2,756,000, with a total project value of $7,900,000, approved on November 6, 2024, through the lender Team One CU and the certified development company Great Lakes Commercial Finance.
SBA 504 loan, approved Nov 6, 2024
$2,756,000 SBA portionCDC: Great Lakes Commercial Finance25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,756,000
- Bank portion
- $7,900,000
- Estimated project size
- $11,840,000 (estimated)
- Estimated owner equity
- $1,184,000 (estimated, about 10% of the project)
- Bank lender
- Team One CU, Saginaw, MI
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- November 6, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 623110, Nursing Care Facilities (Skilled Nursing Facilities)
- Project location
- Genesee County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-4
- Collateral
- Yes
Estimated share of project by source
Bank 67% SBA (CDC) 23% Owner 10%
- Larger than 60% 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 Michigan: $2,050,489.
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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