Appraisal Management Specialists, LLC
Appraisal Management Specialists, LLC, located in Mukwonago, Wisconsin, operates in the offices of real estate appraisers industry. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,550,000, approved on November 14, 2023 by Stearns Bank National Association.
SBA 7(a) loan, change of ownership, approved Nov 14, 2023
$1,550,000 approvedLender: Stearns Bank National Association10 years termPaid in fullLoan details
- Gross approval
- $1,550,000
- SBA-guaranteed amount
- $1,162,500 (75% of the approval)
- Lender
- Stearns Bank National Association, Saint Cloud, MN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 14, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $21,571 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 1, 2023
- Loan status
- Paid in full
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 531320, Offices of Real Estate Appraisers
- Project location
- Waukesha County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Offices of Real Estate Appraisers: $1,127,500.
- Average acquisition loan in Wisconsin: $1,729,230.
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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