Saltwater Property Group LLC
Saltwater Property Group LLC, located in Madison, Connecticut, operates in the portfolio management and investment advice industry. The company financed real estate or equipment through an SBA 504 loan with a total project amount of $2,977,200, approved on April 10, 2024, through a loan from JPMorgan Chase Bank, National Association and the Community Investment Corporation as the certified development company.
SBA 504 loan, approved Apr 10, 2024
$2,023,000 SBA portionCDC: Community Investment Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,023,000
- Bank portion
- $2,977,200
- Estimated project size
- $5,555,778 (estimated)
- Estimated owner equity
- $555,578 (estimated, about 10% of the project)
- Bank lender
- JPMorgan Chase Bank, National Association, Columbus, OH
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- April 10, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 523940, Portfolio Management and Investment Advice
- Project location
- South Central Ct County, CT
- SBA district office
- Connecticut District Office
- Congressional district
- CT-2
- Collateral
- Yes
Estimated share of project by source
Bank 54% SBA (CDC) 36% Owner 10%
- Larger than 82% of expansion loans in Portfolio Management and Investment Advice on this site.
- Average expansion loan in Portfolio Management and Investment Advice: $1,688,455.
- Average expansion loan in Connecticut: $2,313,333.
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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