Main Street Registry

Angels Living Properties LLC

Brooklyn Park, MN · Assisted Living Facilities for the Elderly · NAICS 623312

Angels Living Properties LLC, based in Brooklyn Park, Minnesota, operates in the assisted living facilities for the elderly industry (NAICS 623312). The company financed real estate or equipment through an SBA 504 loan of $1,969,000, approved on August 7, 2024, through Highland Bank and the Twin Cities-Metro Certified Development Company.

SBA 504 loan, approved Aug 7, 2024

$1,969,000 SBA portionCDC: Twin Cities-Metro Certified Development Company25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,969,000
Bank portion
$2,750,000
Estimated project size
$5,243,333 (estimated)
Estimated owner equity
$524,333 (estimated, about 10% of the project)
Bank lender
Highland Bank, St. Paul, MN
CDC
Twin Cities-Metro Certified Development Company
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
August 7, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
22
Business type
Corporation
NAICS
623312, Assisted Living Facilities for the Elderly
Project location
Hennepin County, MN
SBA district office
Minnesota District Office
Congressional district
MN-3
Collateral
Yes

Estimated share of project by source

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

  • Larger than 63% of expansion loans in Assisted Living Facilities for the Elderly on this site.
  • Average expansion loan in Assisted Living Facilities for the Elderly: $1,996,284.
  • Average expansion loan in Minnesota: $2,136,981.

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 Minnesota