Main Street Registry

Tahoe City Tower LLC

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

Tahoe City Tower LLC is a hotel and motel business located in Tahoe City, California, in the hotels (except casino hotels) and motels industry. The company was approved for an SBA 504 loan of $4,824,000 on February 14, 2024, through lender Plumas Bank and certified development company The Mortgage Capital Development Corporation, for real estate or equipment financing.

SBA 504 loan, approved Feb 14, 2024

$4,824,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$4,824,000
Bank portion
$8,244,064
Estimated project size
$14,520,071 (estimated)
Estimated owner equity
$1,452,007 (estimated, about 10% of the project)
Bank lender
Plumas Bank, Quincy, CA
CDC
The Mortgage Capital Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
February 14, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
12
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Placer County, CA
SBA district office
Sacramento District Office
Congressional district
CA-4
Collateral
Yes

Estimated share of project by source

Bank 57% SBA (CDC) 33% Owner 10%

  • Larger than 85% 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