Magdalena AFH
Magdalena AFH is a nursing care facility (skilled nursing facility) located in Kennewick, Washington. The business was financed with an SBA 7(a) loan for a change of ownership of $780,000, provided by East West Bank with an approval date of September 11, 2025.
SBA 7(a) loan, change of ownership, approved Sep 11, 2025
$780,000 approvedLender: East West Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $780,000
- SBA-guaranteed amount
- $585,000 (75% of the approval)
- Lender
- East West Bank, Pasadena, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- September 11, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $6,281 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 29, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Individual
- NAICS
- 623110, Nursing Care Facilities (Skilled Nursing Facilities)
- Project location
- Benton County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 18% of acquisition loans in Nursing Care Facilities (Skilled Nursing Facilities) on this site.
- Average acquisition loan in Nursing Care Facilities (Skilled Nursing Facilities): $2,015,509.
- Average acquisition loan in Washington: $1,784,595.
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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