La Quinta Inn & Suites Sawgrass
La Quinta Inn & Suites Sawgrass, located in Sunrise, Florida, is a hotel or motel business in the Hotels (except Casino Hotels) and Motels industry. It financed real estate or equipment through an SBA 504 loan of $3,402,000, with Commercial Bank of California as the lender and Florida First Capital Finance Corporation as the certified development company, with approval dated December 13, 2023.
SBA 504 loan, approved Dec 13, 2023
$3,402,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $3,402,000
- Bank portion
- $5,544,250
- Estimated project size
- $9,940,278 (estimated)
- Estimated owner equity
- $994,028 (estimated, about 10% of the project)
- Bank lender
- Commercial Bank of California, Irvine, CA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- December 13, 2048 (estimated, approval date plus term)
- First disbursement
- Apr 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 721110, Hotels (except Casino Hotels) and Motels
- Franchise
- La Quinta by Wyndham / La Quinta Inn & Suites
- Project location
- Broward County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-23
- Collateral
- Yes
Estimated share of project by source
Bank 56% SBA (CDC) 34% Owner 10%
- Larger than 67% 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
- Eshhu 111 LLC, Titusville
- Coastline Hospitality LLC, Fernandina Beach
- Microtel Inn, Zephyrhills
- Shree Gopal Hospitality LLC, Pensacola
- Shriram Hospitality, LLC, Gainesville
- Vmbsai LLC, Crestview
- Rodeway Inn Sun Ciy Center, Sun City Center
- 6950 Pen, LLC, Pensacola