Pomme Rouge Properties Corp.
Pomme Rouge Properties Corp. is an assisted living facility for the elderly located in Cumberland Foreside, Maine, operating under NAICS code 623312. The company financed real estate or equipment through an SBA 504 loan of $1,038,000, approved on April 25, 2024, with Banc of California as the lender and Granite State Economic Development Corporation as the certified development company.
SBA 504 loan, approved Apr 25, 2024
$1,038,000 SBA portionCDC: Granite State Economic Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,038,000
- Bank portion
- $1,485,000
- Estimated project size
- $2,803,333 (estimated)
- Estimated owner equity
- $280,333 (estimated, about 10% of the project)
- Bank lender
- Banc of California, Los Angeles, CA
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- April 25, 2049 (estimated, approval date plus term)
- First disbursement
- Aug 14, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 623312, Assisted Living Facilities for the Elderly
- Project location
- Cumberland County, ME
- SBA district office
- Maine District Office
- Congressional district
- ME-1
- Collateral
- Yes
Estimated share of project by source
Bank 53% SBA (CDC) 37% Owner 10%
- Larger than 1% of expansion loans in Assisted Living Facilities for the Elderly on this site.
- Average expansion loan in Assisted Living Facilities for the Elderly: $1,996,284.
- Average expansion loan in Maine: $2,027,182.
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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