Main Street Registry

Good Life Resorts

San Diego, CA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Good Life Resorts is a hotel and motel business in San Diego, California, classified under the industry Hotels (except Casino Hotels) and Motels. The company financed real estate or equipment through an SBA 504 loan of $3.7 million, approved on October 15, 2024, with CalPrivate Bank as the participating lender and The Mortgage Capital Development Corporation as the certified development company.

SBA 504 loan, approved Oct 15, 2024

$3,722,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$3,722,000
Bank portion
$3,637,500
Estimated project size
$8,177,222 (estimated)
Estimated owner equity
$817,722 (estimated, about 10% of the project)
Bank lender
CalPrivate Bank, La Jolla, CA
CDC
The Mortgage Capital Development Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
October 15, 2049 (estimated, approval date plus term)
First disbursement
Jan 15, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
San Diego County, CA
SBA district office
San Diego District Office
Congressional district
CA-51
Collateral
Yes

Estimated share of project by source

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

  • Larger than 73% of expansion loans in Hotels (except Casino Hotels) and Motels on this site.
  • Average expansion loan in Hotels (except Casino Hotels) and Motels: $2,843,226.
  • 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