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Ragikandhola Investments, LLC

Anderson, CA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Ragikandhola Investments, LLC is a hotel business in Anderson, California, in the hotels (except casino hotels) and motels industry. The company financed real estate or equipment through an SBA 504 loan of $2,451,000, approved on October 22, 2024, through lender Celtic Bank Corporation and certified development company The Mortgage Capital Development Corporation.

SBA 504 loan, approved Oct 22, 2024

$2,451,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,451,000
Bank portion
$3,650,000
Estimated project size
$6,778,889 (estimated)
Estimated owner equity
$677,889 (estimated, about 10% of the project)
Bank lender
Celtic Bank Corporation, Salt Lake City, UT
CDC
The Mortgage Capital Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
October 22, 2049 (estimated, approval date plus term)
First disbursement
Feb 12, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
30
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Ascend Collection
Project location
Shasta County, CA
SBA district office
Sacramento District Office
Congressional district
CA-1
Collateral
Yes

Estimated share of project by source

Bank 54% SBA (CDC) 36% Owner 10%

  • Larger than 48% 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 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