Holiday Inn Express
Holiday Inn Express, a hotel business in Socorro, New Mexico, in the hotels (except casino hotels) and motels industry, financed real estate or equipment through an SBA 504 loan.
SBA 504 loan, approved Mar 18, 2026
$2,446,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,446,000
- Bank portion
- $3,670,500
- Estimated project size
- $6,796,111 (estimated)
- Estimated owner equity
- $679,611 (estimated, about 10% of the project)
- Bank lender
- 1st New Mexico Bank, Las Cruces, Las Cruces, NM
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- March 18, 2051 (estimated, approval date plus term)
- First disbursement
- Jul 15, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 721110, Hotels (except Casino Hotels) and Motels
- Franchise
- Holiday Inn Express/Holiday Inn Express & Suites
- Project location
- Socorro County, NM
- SBA district office
- New Mexico District Office
- Congressional district
- NM-2
- Collateral
- Yes
Estimated share of project by source
Bank 54% SBA (CDC) 36% Owner 10%
- Larger than 47% 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 New Mexico: $2,251,714.
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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