Main Street Registry

V & P, L.L.C., an Arizona limited liability company

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

V & P, L.L.C., an Arizona limited liability company, is a hotel business in Tempe, Arizona, classified under NAICS 721110 (Hotels, except Casino Hotels and Motels). The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $4,925,000, approved on October 31, 2024, through Celtic Bank Corporation with The Mortgage Capital Development Corporation as the certified development company.

SBA 504 loan, approved Oct 31, 2024

$4,925,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$4,925,000
Bank portion
$6,876,900
Estimated project size
$13,113,222 (estimated)
Estimated owner equity
$1,311,322 (estimated, about 10% of the project)
Bank lender
Celtic Bank Corporation, Salt Lake City, UT
CDC
The Mortgage Capital Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
October 31, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
1
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Spark by Hilton
Project location
Maricopa County, AZ
SBA district office
Arizona District Office
Congressional district
AZ-9
Collateral
Yes

Estimated share of project by source

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

  • Larger than 87% 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Arizona