Mojo Properties LLC, Series 'D', a Series of Mojo Properties LLC
Mojo Properties LLC, Series 'D', a Series of Mojo Properties LLC, is an elementary and secondary school business located in Reno, Nevada. It financed real estate or equipment through an SBA 504 loan of $1,415,000, approved on August 7, 2024, with America First Federal Credit Union as the lender and Nevada State Development Corporation as the certified development company.
SBA 504 loan, approved Aug 7, 2024
$1,415,000 SBA portionCDC: Nevada State Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,415,000
- Bank portion
- $1,851,822
- Estimated project size
- $3,629,802 (estimated)
- Estimated owner equity
- $362,980 (estimated, about 10% of the project)
- Bank lender
- America First Federal Credit Union, Riverdale, UT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- August 7, 2049 (estimated, approval date plus term)
- First disbursement
- Jun 17, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 611110, Elementary and Secondary Schools
- Project location
- Washoe County, NV
- SBA district office
- Nevada District Office
- Congressional district
- NV-2
- Collateral
- Yes
Estimated share of project by source
Bank 51% SBA (CDC) 39% Owner 10%
- Larger than 28% of expansion loans in Elementary and Secondary Schools on this site.
- Average expansion loan in Elementary and Secondary Schools: $2,129,925.
- 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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