Freeport Real Property, LLC
Freeport Real Property, LLC is a nursing care facility (skilled nursing facility) based in Lakewood, New Jersey. The company was financed with an SBA 7(a) loan for a change of ownership totaling $5 million, approved on January 29, 2026, through lender OptimumBank. The loan was reported with 69 jobs.
SBA 7(a) loan, change of ownership, approved Jan 29, 2026
$5,000,000 approvedLender: OptimumBank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $5,000,000
- SBA-guaranteed amount
- $3,750,000 (75% of the approval)
- Lender
- OptimumBank, Fort Lauderdale, FL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- January 29, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $44,557 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 25, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 69
- Business type
- Corporation
- NAICS
- 623110, Nursing Care Facilities (Skilled Nursing Facilities)
- Project location
- Stephenson County, IL
- SBA district office
- New Jersey District Office
- Congressional district
- IL-17
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 91% of acquisition loans in Nursing Care Facilities (Skilled Nursing Facilities) on this site.
- Average acquisition loan in Nursing Care Facilities (Skilled Nursing Facilities): $2,015,509.
- Average acquisition loan in New Jersey: $1,626,307.
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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