Main Street Registry

Xila Inn and Suites

Santa Clara, CA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Xila Inn and Suites is a hotel and motel business in Santa Clara, California, in the hotels (except casino hotels) and motels industry. It financed real estate or equipment through an SBA 504 loan of $3,652,000 from Velocity Commerical Capital, LLC, with The Mortgage Capital Development Corporation as the certified development company, and the loan was approved on February 21, 2025.

SBA 504 loan, approved Feb 21, 2025

$3,652,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$3,652,000
Bank portion
$5,097,500
Estimated project size
$9,721,667 (estimated)
Estimated owner equity
$972,167 (estimated, about 10% of the project)
Bank lender
Velocity Commerical Capital, LLC, Westlake Village, 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 21, 2050 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
13
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Santa Clara County, CA
SBA district office
San Francisco District Office
Congressional district
CA-17
Collateral
Yes

Estimated share of project by source

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

  • Larger than 73% 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