Red Point Property Management LLC
Red Point Property Management LLC is a residential property management business in Emmett, Idaho, classified under NAICS code 531311 (Residential Property Managers). The company was financed with an SBA 7(a) loan for a change of ownership totaling $693,000, approved by Northwest Bank on January 31, 2024, and the loan reported 5 jobs.
SBA 7(a) loan, change of ownership, approved Jan 31, 2024
- Gross approval
- $693,000
- SBA-guaranteed amount
- $519,750 (75% of the approval)
- Lender
- Northwest Bank, Boise, ID
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 31, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $9,546 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 28, 2024
- Loan status
- Paid in full
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 531311, Residential Property Managers
- Project location
- Gem County, ID
- SBA district office
- Boise District Office
- Congressional district
- ID-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 27% of acquisition loans in Residential Property Managers on this site.
- Average acquisition loan in Residential Property Managers: $1,260,244.
- Average acquisition loan in Idaho: $1,527,113.
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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