Village Care Homes, LLC
Village Care Homes, LLC is a continuing care retirement community operator in Conroe, Texas. The company financed real estate or equipment through an SBA 504 loan with a SBA portion of $1,188,000, approved on December 1, 2023, through BMO Bank National Association and Texas Certified Development Company, Inc. The loan supported 49 jobs.
SBA 504 loan, approved Dec 1, 2023
$1,188,000 SBA portionCDC: Texas Certified Development Company, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,188,000
- Bank portion
- $2,268,000
- Estimated project size
- $3,840,000 (estimated)
- Estimated owner equity
- $384,000 (estimated, about 10% of the project)
- Bank lender
- BMO Bank National Association, Chicago, IL
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- December 1, 2048 (estimated, approval date plus term)
- First disbursement
- Apr 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 49
- Business type
- Corporation
- NAICS
- 623311, Continuing Care Retirement Communities
- Project location
- Montgomery County, TX
- SBA district office
- Houston District Office
- Congressional district
- TX-8
- Collateral
- Yes
Estimated share of project by source
Bank 59% SBA (CDC) 31% Owner 10%
- Average expansion loan in Continuing Care Retirement Communities: $1,936,000.
- Average expansion loan in Texas: $2,316,979.
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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