Kings 31 Claremont LLC
Kings 31 Claremont LLC is a commercial and institutional building construction business in Thornwood, New York. It financed real estate or equipment through an SBA 504 loan of $1,175,000, approved on March 6, 2025 by DR Bank with Empire State Certified Development Corporation as the certified development company.
SBA 504 loan, approved Mar 6, 2025
$1,175,000 SBA portionCDC: Empire State Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,175,000
- Bank portion
- $1,310,000
- Estimated project size
- $2,761,111 (estimated)
- Estimated owner equity
- $276,111 (estimated, about 10% of the project)
- Bank lender
- DR Bank, Darien, CT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- March 6, 2050 (estimated, approval date plus term)
- First disbursement
- Jun 17, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 236220, Commercial and Institutional Building Construction
- Project location
- Westchester County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-17
- Collateral
- Yes
Estimated share of project by source
Bank 47% SBA (CDC) 43% Owner 10%
- Larger than 12% of expansion loans in Commercial and Institutional Building Construction on this site.
- Average expansion loan in Commercial and Institutional Building Construction: $2,227,240.
- Average expansion loan in New York: $2,225,161.
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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