Peaceful Pines Residence LLC
Peaceful Pines Residence LLC is a business in Aberdeen, New Jersey, in the residential mental health and substance abuse facilities industry (NAICS 623220). The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $2,380,000, approved on April 24, 2024, by Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Apr 24, 2024
$2,380,000 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,380,000
- SBA-guaranteed amount
- $1,785,000 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- April 24, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $22,048 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 8, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 23
- Business type
- Corporation
- NAICS
- 623220, Residential Mental Health and Substance Abuse Facilities
- Project location
- Monmouth County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 64% of acquisition loans in Residential Mental Health and Substance Abuse Facilities on this site.
- Average acquisition loan in Residential Mental Health and Substance Abuse Facilities: $2,151,627.
- Average acquisition loan in New Jersey: $1,626,307.
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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