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Pines Hospitality, Inc.

Pembroke Pines, FL · Hotels (except Casino Hotels) and Motels · NAICS 721110

Pines Hospitality, Inc., located in Pembroke Pines, Florida, operates in the hotels (except casino hotels) and motels industry under NAICS code 721110. The company financed real estate or equipment through an SBA 504 loan of $4,974,000, approved on December 27, 2024, with Celtic Bank Corporation as the lender and Florida First Capital Finance Corporation, Inc. as the CDC, with a 300-month term and 26 jobs reported.

SBA 504 loan, approved Dec 27, 2024

$4,974,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$4,974,000
Bank portion
$8,170,000
Estimated project size
$14,604,444 (estimated)
Estimated owner equity
$1,460,444 (estimated, about 10% of the project)
Bank lender
Celtic Bank Corporation, Salt Lake City, UT
CDC
Florida First Capital Finance Corporation, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
December 27, 2049 (estimated, approval date plus term)
First disbursement
May 14, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
26
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
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 88% 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.

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Same industry in Florida