Main Street Registry

Stay Cal Newark LLC

Newark, CA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Stay Cal Newark LLC is a hotel business in Newark, California, in the hotels (except casino hotels) and motels industry. It financed real estate or equipment through an SBA 504 loan of $5 million, approved on September 15, 2026, through Commercial Bank of California with The Mortgage Capital Development Corporation as the certified development company.

SBA 504 loan, approved Sep 15, 2026

$5,000,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$5,000,000
Bank portion
$8,351,300
Estimated project size
$14,834,778 (estimated)
Estimated owner equity
$1,483,478 (estimated, about 10% of the project)
Bank lender
Commercial Bank of California, Irvine, CA
CDC
The Mortgage Capital Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
September 15, 2051 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
30
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Courtyard by Marriott
Project location
Alameda County, CA
SBA district office
San Francisco District Office
Congressional district
CA-17
Collateral
Yes

Estimated share of project by source

Bank 56% SBA (CDC) 34% Owner 10%

  • Larger than 90% 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 California: $2,161,468.

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 California