Main Street Registry

Mainstay Suites LV

Las Vegas, NV · Hotels (except Casino Hotels) and Motels · NAICS 721110

Mainstay Suites LV is a hotel business in Las Vegas, Nevada, in the hotels (except casino hotels) and motels industry. It financed real estate or equipment through an SBA 504 loan of $5,493,000 approved on September 18, 2024, with Poppy Bank as the lender and The Mortgage Capital Development Corporation as the certified development company.

SBA 504 loan, approved Sep 18, 2024

$5,493,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$5,493,000
Bank portion
$7,675,000
Estimated project size
$14,631,111 (estimated)
Estimated owner equity
$1,463,111 (estimated, about 10% of the project)
Bank lender
Poppy Bank, Santa Rosa, 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
September 18, 2049 (estimated, approval date plus term)
First disbursement
Feb 11, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
18
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
MainStay Suites ES
Project location
Clark County, NV
SBA district office
Nevada District Office
Congressional district
NV-1
Collateral
Yes

Estimated share of project by source

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

  • Larger than 97% 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 Nevada: $2,098,935.

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 Nevada