Sapphire Garland Investments, LLC
Sapphire Garland Investments, LLC, located in Lincoln City, OR, operates in the hotels and motels industry (NAICS 721110). The company financed real estate or equipment through an SBA 504 loan of $2,683,000 approved on December 20, 2024, with Oregon Coast Bank as the participating lender and The Mortgage Capital Development Corporation as the certified development company.
SBA 504 loan, approved Dec 20, 2024
$2,683,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,683,000
- Bank portion
- $3,743,033
- Estimated project size
- $7,140,037 (estimated)
- Estimated owner equity
- $714,004 (estimated, about 10% of the project)
- Bank lender
- Oregon Coast Bank, Newport, OR
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- December 20, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 721110, Hotels (except Casino Hotels) and Motels
- Franchise
- Best Western - Best Western Plus - Best Western Premier- Executive Residency by Best Western- @Home by Best Western - GLo - Aiden - Membership Agreement
- Project location
- Lincoln County, OR
- SBA district office
- Portland District Office
- Congressional district
- OR-5
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 53% 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 Oregon: $1,931,136.
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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