Main Street Registry

Hotel RISING

Phoenix, AZ · Hotels (except Casino Hotels) and Motels · NAICS 721110

Hotel RISING is a hotel business located in Phoenix, Arizona, in the Hotels (except Casino Hotels) and Motels industry. The company financed real estate or equipment through an SBA 504 loan of $1.9 million, with a total project amount of $2.7 million, approved on May 22, 2024, through lender New Day Commercial Capital and certified development company The Mortgage Capital Development Corporation.

SBA 504 loan, approved May 22, 2024

$1,912,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,912,000
Bank portion
$2,667,500
Estimated project size
$5,088,333 (estimated)
Estimated owner equity
$508,833 (estimated, about 10% of the project)
Bank lender
New Day Commercial Capital, Laguna Hills, CA
CDC
The Mortgage Capital Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
May 22, 2049 (estimated, approval date plus term)
First disbursement
Sep 11, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
15
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Maricopa County, AZ
SBA district office
Arizona District Office
Congressional district
AZ-3
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

  • Larger than 31% 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 Arizona: $2,074,452.

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 Arizona