Main Street Registry

Nagin Investments LLC

Houston, TX · Hotels (except Casino Hotels) and Motels · NAICS 721110

Nagin Investments LLC is a hotel business in Houston, Texas, in the Hotels (except Casino Hotels) and Motels industry, and it operates under the Baymont by Wyndham franchise. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $2.48 million, approved on February 27, 2025, through lender GBank. The loan supported 5 jobs.

SBA 7(a) loan, change of ownership, approved Feb 27, 2025

$2,480,000 approvedLender: GBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,480,000
SBA-guaranteed amount
$1,860,000 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.75%, variable
Term
25 years (300 months)
Estimated maturity
February 27, 2050 (estimated, approval date plus term)
Estimated monthly payment
$20,389 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 5, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Baymont by Wyndham / Baymont Inn & Suites
Project location
Harris County, TX
SBA district office
Houston District Office
Congressional district
TX-07
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 35% of acquisition loans in Hotels (except Casino Hotels) and Motels on this site.
  • Average acquisition loan in Hotels (except Casino Hotels) and Motels: $3,241,374.
  • Average acquisition loan in Texas: $1,944,682.

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 Texas