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Desert Neurosurgical Associates

Palm Desert, CA · Offices of Physicians (except Mental Health Specialists) · NAICS 621111

Desert Neurosurgical Associates is a physician office in Palm Desert, CA, in the NAICS category Offices of Physicians (except Mental Health Specialists). The business financed real estate or equipment through an SBA 504 loan of $1,872,000 with a $2,000,000 total project amount, approved on February 26, 2024, through Columbia Bank and The Mortgage Capital Development Corporation.

SBA 504 loan, approved Feb 26, 2024

$1,872,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,872,000
Bank portion
$2,000,000
Estimated project size
$4,302,222 (estimated)
Estimated owner equity
$430,222 (estimated, about 10% of the project)
Bank lender
Columbia Bank, Lake Oswego, OR
CDC
The Mortgage Capital Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
February 26, 2049 (estimated, approval date plus term)
First disbursement
Jul 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
621111, Offices of Physicians (except Mental Health Specialists)
Project location
Riverside County, CA
SBA district office
Santa Ana District Office
Congressional district
CA-36
Collateral
Yes

Estimated share of project by source

Bank 46% SBA (CDC) 44% Owner 10%

  • Larger than 56% of expansion loans in Offices of Physicians (except Mental Health Specialists) on this site.
  • Average expansion loan in Offices of Physicians (except Mental Health Specialists): $2,141,987.
  • Average expansion loan in California: $2,161,468.

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 California