Southfield Storage Center, LLC
Southfield Storage Center, LLC is a business in Southfield, Michigan, in the industry of lessors of miniwarehouses and self-storage units (NAICS 531130). The company financed real estate or equipment through an SBA 504 loan of $4,869,000, with Bank Five Nine as the lending bank and the Michigan Certified Development Corporation as the CDC, approved on March 4, 2025.
SBA 504 loan, approved Mar 4, 2025
$4,869,000 SBA portionCDC: Michigan Certified Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $4,869,000
- Bank portion
- $5,952,500
- Estimated project size
- $12,023,889 (estimated)
- Estimated owner equity
- $1,202,389 (estimated, about 10% of the project)
- Bank lender
- Bank Five Nine, Oconomowoc, WI
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- March 4, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 531130, Lessors of Miniwarehouses and Self-Storage Units
- Project location
- Oakland County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-14
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Larger than 77% of expansion loans in Lessors of Miniwarehouses and Self-Storage Units on this site.
- Average expansion loan in Lessors of Miniwarehouses and Self-Storage Units: $2,754,774.
- 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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