Red Point Property Management LLC
Red Point Property Management LLC is located in Emmett, ID, and the SBA lists its industry as Residential Property Managers. It was approved for an SBA 7(a) loan of $693,000 for a change of ownership on January 31, 2024.
SBA 7(a) loan, change of ownership, approved Jan 31, 2024
- Gross approval
- $693,000
- SBA-guaranteed amount
- $519,750 (75% of the approval)
- Lender
- Northwest Bank, Boise, ID
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 31, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $9,546 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 28, 2024
- Loan status
- Paid in full
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 531311, Residential Property Managers
- Project location
- Gem County, ID
- SBA district office
- Boise District Office
- Congressional district
- ID-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 27% of acquisition loans in Residential Property Managers on this site.
- Average acquisition loan in Residential Property Managers: $1,260,244.
- Average acquisition loan in Idaho: $1,527,113.
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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