Palm Arbor Residence of Margate LLC
Palm Arbor Residence of Margate LLC is a nursing care facility, specifically a skilled nursing facility, located in Margate, Florida. The business was financed with an SBA 7(a) loan for a change of ownership totaling $3,381,000, approved on May 4, 2026 by Gulf Coast Bank and Trust Company.
SBA 7(a) loan, change of ownership, approved May 4, 2026
$3,381,000 approvedLender: Gulf Coast Bank and Trust Company25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,381,000
- SBA-guaranteed amount
- $2,535,750 (75% of the approval)
- Lender
- Gulf Coast Bank and Trust Company, New Orleans, LA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- May 4, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $28,373 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 20, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 14
- Business type
- Corporation
- NAICS
- 623110, Nursing Care Facilities (Skilled Nursing Facilities)
- Project location
- Broward County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-22
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 82% of acquisition loans in Nursing Care Facilities (Skilled Nursing Facilities) on this site.
- Average acquisition loan in Nursing Care Facilities (Skilled Nursing Facilities): $2,015,509.
- Average acquisition loan in Florida: $1,808,559.
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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