Main Street Registry

Westlake Athletic Club

Westlake Village, CA · Fitness and Recreational Sports Centers · NAICS 713940

Westlake Athletic Club in Westlake Village, CA operates in the fitness and recreational sports centers industry. The company financed real estate or equipment through an SBA 504 loan of $2,999,000, approved on January 31, 2025, with Open Bank as the lending bank and The Mortgage Capital Development Corporation as the certified development company.

SBA 504 loan, approved Jan 31, 2025

$2,999,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,999,000
Bank portion
$4,185,000
Estimated project size
$7,982,222 (estimated)
Estimated owner equity
$798,222 (estimated, about 10% of the project)
Bank lender
Open Bank, Los Angeles, 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
January 31, 2050 (estimated, approval date plus term)
First disbursement
Jun 11, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
30
Business type
Corporation
NAICS
713940, Fitness and Recreational Sports Centers
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-26
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

  • Larger than 77% of expansion loans in Fitness and Recreational Sports Centers on this site.
  • Average expansion loan in Fitness and Recreational Sports Centers: $2,194,028.
  • 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