The Terrace at Ivey Acres
The Terrace at Ivey Acres is a skilled nursing facility in Jay, Florida, classified under NAICS code 623110 (Nursing Care Facilities). The business financed real estate or equipment through an SBA 504 loan of $1,570,000 approved on January 8, 2026, with Live Oak Banking Company as the lending bank and Florida First Capital Finance Corporation, Inc. as the certified development company.
SBA 504 loan, approved Jan 8, 2026
$1,570,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,570,000
- Bank portion
- $2,225,051
- Estimated project size
- $4,216,723 (estimated)
- Estimated owner equity
- $421,672 (estimated, about 10% of the project)
- Bank lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- January 8, 2051 (estimated, approval date plus term)
- First disbursement
- Jun 17, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 40
- Business type
- Corporation
- NAICS
- 623110, Nursing Care Facilities (Skilled Nursing Facilities)
- Project location
- Santa Rosa County, FL
- SBA district office
- North Florida District Office
- Congressional district
- FL-1
- Collateral
- Yes
Estimated share of project by source
Bank 53% SBA (CDC) 37% Owner 10%
- Larger than 30% of expansion loans in Nursing Care Facilities (Skilled Nursing Facilities) on this site.
- Average expansion loan in Nursing Care Facilities (Skilled Nursing Facilities): $2,434,200.
- Average expansion loan in Florida: $2,058,496.
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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