Main Street Registry

3820 Orange Pl LLC

Beachwood, OH · Hotels (except Casino Hotels) and Motels · NAICS 721110

3820 Orange Pl LLC is a hotel business in Beachwood, Ohio, classified under NAICS 721110 for hotels (except casino hotels) and motels, and its franchise is listed as Candlewood Suites. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $3,133,000, approved on February 15, 2024, through State Bank of Texas with Alloy Development Co., Inc. as the certified development company.

SBA 504 loan, approved Feb 15, 2024

$3,133,000 SBA portionCDC: Alloy Development Co., Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$3,133,000
Bank portion
$4,550,600
Estimated project size
$8,537,333 (estimated)
Estimated owner equity
$853,733 (estimated, about 10% of the project)
Bank lender
State Bank of Texas, Irving, TX
CDC
Alloy Development Co., Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
February 15, 2049 (estimated, approval date plus term)
First disbursement
Aug 13, 2025
Loan status
Status not reported (SBA exemption)
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Candlewood Suites
Project location
Cuyahoga County, OH
SBA district office
Columbus District Office
Congressional district
OH-11
Collateral
Yes

Estimated share of project by source

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

  • Larger than 61% 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 Ohio: $2,096,556.

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 Ohio