Main Street Registry

Desert Gardens ED LLC

Phoenix, AZ · Assisted Living Facilities for the Elderly · NAICS 623312

Desert Gardens ED LLC is located in Phoenix, Arizona, and operates in the assisted living facilities for the elderly industry (NAICS 623312). The business was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $3,435,000 approved by Alerus Financial, National Association on August 26, 2025.

SBA 7(a) loan, change of ownership, approved Aug 26, 2025

$3,435,000 approvedLender: Alerus Financial, National Association25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,435,000
SBA-guaranteed amount
$2,576,250 (75% of the approval)
Lender
Alerus Financial, National Association, Grand Forks, ND
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7%, fixed
Term
25 years (300 months)
Estimated maturity
August 26, 2050 (estimated, approval date plus term)
Estimated monthly payment
$24,278 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 29, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
623312, Assisted Living Facilities for the Elderly
Project location
Maricopa County, AZ
SBA district office
Arizona District Office
Congressional district
AZ-07
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 87% of acquisition loans in Assisted Living Facilities for the Elderly on this site.
  • Average acquisition loan in Assisted Living Facilities for the Elderly: $1,782,411.
  • Average acquisition loan in Arizona: $1,690,811.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Arizona