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Virk Hospitality Beaverton, LLC

Portland, OR · Hotels (except Casino Hotels) and Motels · NAICS 721110

Virk Hospitality Beaverton, LLC is a hotel and motel business in Portland, Oregon, classified under NAICS 721110, Hotels (except Casino Hotels) and Motels. The business financed real estate or equipment through an SBA 504 loan with an SBA portion of $5.5 million, with First Bank of the Lake as the lender and The Mortgage Capital Development Corporation as the certified development company, approved on August 22, 2025.

SBA 504 loan, approved Aug 22, 2025

$5,500,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$5,500,000
Bank portion
$7,950,000
Estimated project size
$14,944,444 (estimated)
Estimated owner equity
$1,494,444 (estimated, about 10% of the project)
Bank lender
First Bank of the Lake, Osage Beach, MO
CDC
The Mortgage Capital Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
August 22, 2050 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
4
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Multnomah County, OR
SBA district office
Portland District Office
Congressional district
OR-3
Collateral
Yes

Estimated share of project by source

Bank 53% SBA (CDC) 37% Owner 10%

  • Larger than 98% 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 Oregon: $1,931,136.

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 Oregon