Main Street Registry

Omkara Hospitality LLC

Socorro, NM · Hotels (except Casino Hotels) and Motels · NAICS 721110

Omkara Hospitality LLC is a hotel and motel business in Socorro, New Mexico, classified under the industry description Hotels (except Casino Hotels) and Motels. The company financed real estate or equipment through an SBA 504 loan of $2,347,000, approved on May 15, 2025, with First New Mexico Bank Las Cruces as the lender and The Mortgage Capital Development Corporation as the certified development company.

SBA 504 loan, approved May 15, 2025

$2,347,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,347,000
Bank portion
$3,272,740
Estimated project size
$6,244,156 (estimated)
Estimated owner equity
$624,416 (estimated, about 10% of the project)
Bank lender
First New Mexico Bank Las Cruces, Las Cruces, NM
CDC
The Mortgage Capital Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
May 15, 2050 (estimated, approval date plus term)
First disbursement
Oct 15, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
21
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Best Western - Best Western Plus - Best Western Premier- Executive Residency by Best Western- @Home by Best Western - GLo - Aiden - Membership Agreement
Project location
Socorro County, NM
SBA district office
New Mexico District Office
Congressional district
NM-2
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

  • Larger than 44% 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 New Mexico: $2,251,714.

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 New Mexico