Mardel Manor LLC
Mardel Manor LLC is an assisted living facility for the elderly located in Haskell, New Jersey. The company was financed with an SBA 7(a) loan for a change of ownership of $1.6 million, approved on May 17, 2024 through Beacon Bank and Trust.
SBA 7(a) loan, change of ownership, approved May 17, 2024
- Gross approval
- $1,551,300
- SBA-guaranteed amount
- $1,163,475 (75% of the approval)
- Lender
- Beacon Bank and Trust, Brookline, MA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- May 17, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $15,486 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 28, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 623312, Assisted Living Facilities for the Elderly
- Project location
- Passaic County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-11
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 59% of acquisition loans in Assisted Living Facilities for the Elderly on this site.
- Average acquisition loan in Assisted Living Facilities for the Elderly: $1,782,411.
- Average acquisition loan in New Jersey: $1,626,307.
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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