Main Street Registry

Wise Hospitality LLC (CA)

Brownsville, TX · Hotels (except Casino Hotels) and Motels · NAICS 721110

Wise Hospitality LLC (CA) is a hotel business in Brownsville, Texas, in the hotels (except casino hotels) and motels industry, and operates as a Holiday Inn Express/Holiday Inn Express & Suites franchise. The company was financed with an SBA 504 loan that financed real estate or equipment, with an SBA portion of $3,193,000 approved through Brownsville Local Development Company, Inc.

SBA 504 loan, approved Oct 26, 2023

$3,193,000 SBA portionCDC: Brownsville Local Development Company, Inc.25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$3,193,000
Bank portion
$4,532,000
Estimated project size
$8,583,333 (estimated)
Estimated owner equity
$858,333 (estimated, about 10% of the project)
Bank lender
Happen Bank, Lehi, UT
CDC
Brownsville Local Development Company, Inc.
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
October 26, 2048 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
15
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Holiday Inn Express/Holiday Inn Express & Suites
Project location
Cameron County, TX
SBA district office
Lower Rio Grande Valley District Office
Congressional district
TX-34
Collateral
Yes

Estimated share of project by source

Bank 53% SBA (CDC) 37% Owner 10%

  • Larger than 63% 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 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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Same industry in Texas