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Legacy Oaks of Sacramento, Legacy Oaks

Sacramento, CA · Assisted Living Facilities for the Elderly · NAICS 623312

Legacy Oaks of Sacramento, Legacy Oaks is an assisted living facility for the elderly located in Sacramento, California, in the NAICS category for assisted living facilities for the elderly. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $3,976,000, approved on August 12, 2024, through Ventura County CU, with CDC Small Business Finance Corp. as the certified development company.

SBA 504 loan, approved Aug 12, 2024

$3,976,000 SBA portionCDC: CDC Small Business Finance Corp.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$3,976,000
Bank portion
$5,552,250
Estimated project size
$10,586,944 (estimated)
Estimated owner equity
$1,058,694 (estimated, about 10% of the project)
Bank lender
Ventura County CU, Ventura, CA
CDC
CDC Small Business Finance Corp.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
August 12, 2049 (estimated, approval date plus term)
First disbursement
Dec 11, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
LLC or partnership
NAICS
623312, Assisted Living Facilities for the Elderly
Project location
Sacramento County, CA
SBA district office
Sacramento District Office
Congressional district
CA-6
Collateral
Yes

Estimated share of project by source

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

  • Larger than 93% of expansion loans in Assisted Living Facilities for the Elderly on this site.
  • Average expansion loan in Assisted Living Facilities for the Elderly: $1,996,284.
  • 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