R2 Hospitality LLC
R2 Hospitality LLC is an RV park and campground business located in Page, Arizona. It was financed with an SBA 7(a) loan for a change of ownership of $3.77 million, approved on July 12, 2024, by America First Federal Credit Union.
SBA 7(a) loan, change of ownership, approved Jul 12, 2024
$3,767,500 approvedLender: America First Federal Credit Union25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,767,500
- SBA-guaranteed amount
- $2,825,625 (75% of the approval)
- Lender
- America First Federal Credit Union, Riverdale, UT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- July 12, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $27,841 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 15, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 721211, RV (Recreational Vehicle) Parks and Campgrounds
- Project location
- Coconino County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 93% of acquisition loans in RV (Recreational Vehicle) Parks and Campgrounds on this site.
- Average acquisition loan in RV (Recreational Vehicle) Parks and Campgrounds: $1,687,172.
- Average acquisition loan in Arizona: $1,690,811.
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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