Selected Engagements
SBA 504 Feasibility Study Engagements
SBA 504 reviewers require feasibility evidence supporting project economics, owner-occupancy thresholds, and the senior-debenture coverage standards published in SOP 50 10 8. The engagements below summarize feasibility studies prepared for SBA 504 financing requests across multiple asset classes.
Self-Storage
92,400 SF Climate-Controlled Self-Storage, Wake County, North Carolina
Could Raleigh MSA household growth absorb 92,400 incremental climate-controlled square feet within a 30-month lease-up window.
Boutique Hotel
48-Key Boutique Hotel Conversion, Asheville MSA, North Carolina
Could Asheville leisure and corporate demand support a stabilized RevPAR of $168 against historical trailing of $142.
Self-Storage
425-Unit Climate-Controlled Self-Storage Facility, Hillsborough County, Florida
Did Brandon-area household density and existing supply utilization support 425 incremental climate-controlled units to stabilization.
Hotel
110-Key Extended-Stay Hotel, Loudoun County, Virginia
Did Dulles-corridor data center and federal-contractor demand support 110 extended-stay keys at 78% stabilized occupancy.
Gas Station
Convenience Store with Fuel Station, Ada County, Idaho
Did Meridian growth-corridor traffic counts support 1.4M annual fuel gallons and $2.1M inside-sales revenue.
RV & Boat Storage
250-Stall Marine and Boat Storage Facility, Ottawa County, Michigan
Did Lake Michigan recreational boat registrations and seasonal storage capture support 250 incremental indoor-heated marine stalls.
Winery
Winery and Tasting Room Expansion, Sonoma County, California
Did Sonoma County visitor inflows and DTC channel growth support a tasting-room expansion and 8,000-case production increase.
Childcare
120-Capacity Childcare Center, Middlesex County, Massachusetts
Did Lexington-Bedford working-parent household density and competitor waitlists support 120-capacity enrollment within 12 months.
Medical Office
32,000-Square-Foot Medical Office Building, Hennepin County, Minnesota
Did the consolidated patient-encounter volumes, lease-savings analysis, and 51% owner-occupancy threshold satisfy 504 program eligibility.
Industrial Outdoor Storage
12-Acre Industrial Outdoor Storage Facility, Harris County, Texas
Did Houston port-corridor IOS demand and zero submarket vacancy support a 12-acre owner-occupied facility.
Distillery
Bourbon Distillery and Tasting Experience, Nelson County, Kentucky
Did Bourbon Trail visitation and craft-spirit DTC channel growth support a $9M distillery and visitor center.
Healthcare
Three-Unit Urgent Care Clinic Portfolio, Madison County, Alabama
Did Huntsville-area population growth and urgent-care utilization support a third clinic at the proposed site.
Retail
Single-Tenant Retail Pad Development, Madison County, Mississippi
Did Madison trade-area daytime population and corner traffic counts support the franchisor's site-selection thresholds.
Resort
72-Key Boutique Resort Conversion, Maui County, Hawaii
Did Maui leisure visitor inflows and post-conversion ADR positioning support 72 boutique keys at $548 stabilized ADR.
Wedding Venue
Luxury Event and Wedding Venue, Hays County, Texas
Could Austin MSA weekend event demand support a 42-date target at the proposed all-in package price within an 18-month ramp.
Hotel
112-Key Tier-2 Select-Service Hotel, Franklin County, Ohio
Could the Columbus submarket comp set support a Tier-2 select-service RevPAR index of 108 within a 24-month ramp.