Lawndale Manor Real Estate LLC
Lawndale Manor Real Estate LLC, located in Garner, NC, operates in the nursing care facilities (skilled nursing facilities) industry under NAICS code 623110. The company financed real estate or equipment through an SBA 504 loan of $1,106,000, with the loan approved on September 30, 2024, by lender Bank Five Nine and certified development company Business Expansion Funding Corporation.
SBA 504 loan, approved Sep 30, 2024
$1,106,000 SBA portionCDC: Business Expansion Funding Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,106,000
- Bank portion
- $1,367,500
- Estimated project size
- $2,748,333 (estimated)
- Estimated owner equity
- $274,833 (estimated, about 10% of the project)
- Bank lender
- Bank Five Nine, Oconomowoc, WI
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- September 30, 2049 (estimated, approval date plus term)
- First disbursement
- Oct 15, 2025
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 623110, Nursing Care Facilities (Skilled Nursing Facilities)
- Project location
- Wake County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-2
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Larger than 7% 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 North Carolina: $2,167,577.
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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