Main Street Registry

Odyssey Glendale Hotel, LLC

Milwaukee, WI · Hotels (except Casino Hotels) and Motels · NAICS 721110

Odyssey Glendale Hotel, LLC is a hotel business in Milwaukee, Wisconsin, classified under the industry Hotels (except Casino Hotels) and Motels. The company financed real estate or equipment through an SBA 504 loan of $2,443,000 (SBA portion), approved on November 18, 2024 with Prevail Bank as the lender and WBD, Inc. as the certified development company.

SBA 504 loan, approved Nov 18, 2024

$2,443,000 SBA portionCDC: WBD, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,443,000
Bank portion
$4,494,000
Estimated project size
$7,707,778 (estimated)
Estimated owner equity
$770,778 (estimated, about 10% of the project)
Bank lender
Prevail Bank, Medford, WI
CDC
WBD, Inc.
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
November 18, 2049 (estimated, approval date plus term)
First disbursement
Apr 16, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
22
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Fairfield by Marriott/Fairfield Inn & Suites by Marriott/Fairfield Inn by Marriott/Fairfield by Marriott Inn & Suites
Project location
Milwaukee County, WI
SBA district office
Wisconsin District Office
Congressional district
WI-4
Collateral
Yes

Estimated share of project by source

Bank 58% SBA (CDC) 32% Owner 10%

  • Larger than 47% 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 Wisconsin: $2,095,135.

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 Wisconsin