Main Street Registry

Quality Inn Parker

Parker, AZ · Hotels (except Casino Hotels) and Motels · NAICS 721110

Quality Inn Parker is a hotel and motel business located in Parker, Arizona, in the Hotels (except Casino Hotels) and Motels industry. The business financed real estate or equipment through an SBA 504 loan of $1.1 million, with First Merchants Bank as the lender and The Mortgage Capital Development Corporation as the certified development company, approved on December 16, 2023.

SBA 504 loan, approved Dec 16, 2023

$1,100,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,100,000
Bank portion
$1,533,000
Estimated project size
$2,925,556 (estimated)
Estimated owner equity
$292,556 (estimated, about 10% of the project)
Bank lender
First Merchants Bank, Indianapolis, IN
CDC
The Mortgage Capital Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
December 16, 2048 (estimated, approval date plus term)
First disbursement
Jul 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
La Paz County, AZ
SBA district office
Arizona District Office
Congressional district
AZ-4
Collateral
Yes

Estimated share of project by source

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

  • Larger than 5% 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 Arizona: $2,074,452.

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 Arizona