Texas Corporate Homes LLC
Texas Corporate Homes LLC, located in Austin, Texas, operates in the residential property management industry (NAICS 531311). The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $5 million, approved by Beacon Bank and Trust on April 12, 2024.
SBA 7(a) loan, change of ownership, approved Apr 12, 2024
$5,000,000 approvedLender: Beacon Bank and Trust10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $5,000,000
- SBA-guaranteed amount
- $3,750,000 (75% of the approval)
- Lender
- Beacon Bank and Trust, Brookline, MA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 12, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $68,875 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 26, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 531311, Residential Property Managers
- Project location
- Travis County, TX
- SBA district office
- San Antonio District Office
- Congressional district
- TX-10
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 98% of acquisition loans in Residential Property Managers on this site.
- Average acquisition loan in Residential Property Managers: $1,260,244.
- Average acquisition loan in Texas: $1,944,682.
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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