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Pleasant Place LLC

Seattle, WA · Assisted Living Facilities for the Elderly · NAICS 623312

Pleasant Place LLC is an assisted living facility for the elderly located in Seattle, Washington, in the NAICS industry for assisted living facilities for the elderly (623312). The business was financed with an SBA 7(a) loan for a change of ownership of $1,475,000, approved on November 9, 2023, through Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Nov 9, 2023

$1,475,000 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,475,000
SBA-guaranteed amount
$1,106,250 (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
November 9, 2048 (estimated, approval date plus term)
Estimated monthly payment
$13,664 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 28, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Individual
NAICS
623312, Assisted Living Facilities for the Elderly
Project location
King County, WA
SBA district office
Seattle District Office
Congressional district
WA-07
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 57% of acquisition loans in Assisted Living Facilities for the Elderly on this site.
  • Average acquisition loan in Assisted Living Facilities for the Elderly: $1,782,411.
  • Average acquisition loan in Washington: $1,784,595.

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 Washington