Main Street Registry

The Pointe of North Gables

West Miami, FL · Assisted Living Facilities for the Elderly · NAICS 623312

The Pointe of North Gables, located in West Miami, Florida, operates in the assisted living facilities for the elderly industry (NAICS 623312). The company financed real estate or equipment through an SBA 504 loan of $4,127,000 approved on June 25, 2025, with Korth Direct Mortgage Inc. as the lender and Florida Business Development Corporation as the certified development company.

SBA 504 loan, approved Jun 25, 2025

$4,127,000 SBA portionCDC: Florida Business Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$4,127,000
Bank portion
$6,500,000
Estimated project size
$11,807,778 (estimated)
Estimated owner equity
$1,180,778 (estimated, about 10% of the project)
Bank lender
Korth Direct Mortgage Inc., Coral Gables, FL
CDC
Florida Business Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
June 25, 2050 (estimated, approval date plus term)
First disbursement
Dec 17, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
623312, Assisted Living Facilities for the Elderly
Project location
Miami-Dade County, FL
SBA district office
South Florida District Office
Congressional district
FL-25
Collateral
Yes

Estimated share of project by source

Bank 55% SBA (CDC) 35% Owner 10%

  • Larger than 96% of expansion loans in Assisted Living Facilities for the Elderly on this site.
  • Average expansion loan in Assisted Living Facilities for the Elderly: $1,996,284.
  • Average expansion loan in Florida: $2,058,496.

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 Florida