Main Street Registry

JJM HTX Hospitality, LLC

Houston, TX · Hotels (except Casino Hotels) and Motels · NAICS 721110

JJM HTX Hospitality, LLC is a hotel business in Houston, Texas, classified under the industry Hotels (except Casino Hotels) and Motels (NAICS 721110). The company financed real estate or equipment through an SBA 504 loan of $3.56 million, approved on November 4, 2024, through Glacier Bank with the Community Certified Development Corporation.

SBA 504 loan, approved Nov 4, 2024

$3,560,000 SBA portionCDC: Community Certified Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$3,560,000
Bank portion
$5,800,775
Estimated project size
$10,400,861 (estimated)
Estimated owner equity
$1,040,086 (estimated, about 10% of the project)
Bank lender
Glacier Bank, Kalispell, MT
CDC
Community Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
November 4, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
3
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Harris County, TX
SBA district office
Houston District Office
Congressional district
TX-2
Collateral
Yes

Estimated share of project by source

Bank 56% SBA (CDC) 34% Owner 10%

  • Larger than 71% 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 Texas: $2,316,979.

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 Texas