Odam Realty Holdings LLC
Odam Realty Holdings LLC is a business in Foley, Minnesota, in the offices of physicians (except mental health specialists) industry, NAICS code 621111. The company was financed with an SBA 504 loan, with an SBA portion of $1,307,000, to finance real estate or equipment, approved on January 28, 2025, through Frandsen Bank and Trust and Midwest Business Finance Corporation.
SBA 504 loan, approved Jan 28, 2025
$1,307,000 SBA portionCDC: Midwest Business Finance Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,307,000
- Bank portion
- $1,590,417
- Estimated project size
- $3,219,352 (estimated)
- Estimated owner equity
- $321,935 (estimated, about 10% of the project)
- Bank lender
- Frandsen Bank and Trust, Arden Hills, MN
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- January 28, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 621111, Offices of Physicians (except Mental Health Specialists)
- Project location
- Benton County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-6
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 22% of expansion loans in Offices of Physicians (except Mental Health Specialists) on this site.
- Average expansion loan in Offices of Physicians (except Mental Health Specialists): $2,141,987.
- Average expansion loan in Minnesota: $2,136,981.
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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