Main Street Registry

Naked Modernism, LLC

Los Angeles, CA · All Other Miscellaneous Retailers · NAICS 459999

Naked Modernism, LLC is a business in Los Angeles, CA, in the All Other Miscellaneous Retailers industry (NAICS 459999). The company financed real estate or equipment through an SBA 504 loan approved on March 26, 2024, with CalPrivate Bank as the lender and The Mortgage Capital Development Corporation as the certified development company.

SBA 504 loan, approved Mar 26, 2024

$1,051,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,051,000
Bank portion
$1,261,500
Estimated project size
$2,569,444 (estimated)
Estimated owner equity
$256,944 (estimated, about 10% of the project)
Bank lender
CalPrivate Bank, La Jolla, 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
March 26, 2049 (estimated, approval date plus term)
First disbursement
Jul 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
459999, All Other Miscellaneous Retailers
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-34
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 3% of expansion loans in All Other Miscellaneous Retailers on this site.
  • Average expansion loan in All Other Miscellaneous Retailers: $1,970,828.
  • Average expansion loan in California: $2,161,468.

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 California