Patel Hotel Group 2 LLC
Patel Hotel Group 2 LLC is a hotel business in Roseville, Michigan, in the industry Hotels (except Casino Hotels) and Motels, and it operates as a Wingate by Wyndham franchise.
SBA 504 loan, approved Mar 31, 2026
$1,243,000 SBA portionCDC: Great Lakes Commercial Finance25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,243,000
- Bank portion
- $2,200,000
- Estimated project size
- $3,825,556 (estimated)
- Estimated owner equity
- $382,556 (estimated, about 10% of the project)
- Bank lender
- Velocity Commercial Capital, LLC dba New Day Commercial Capital, Westlake Village, CA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- March 31, 2051 (estimated, approval date plus term)
- First disbursement
- Aug 12, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 721110, Hotels (except Casino Hotels) and Motels
- Franchise
- Wingate by Wyndham
- Project location
- Macomb County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-9
- Collateral
- Yes
Estimated share of project by source
Bank 58% SBA (CDC) 32% Owner 10%
- Larger than 10% of expansion loans in Hotels (except Casino Hotels) and Motels on this site.
- Average expansion loan in Hotels (except Casino Hotels) and Motels: $2,843,226.
- Average expansion loan in Michigan: $2,050,489.
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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