Hotels & Lodging · lender intelligence

How to finance a My Place Hotels

State:

Idaho (1)North Carolina (1)Oregon (1)Utah (3)

The SBA 7(a) lenders funding the most My Place Hotels deals, ranked from public loan records — typical My Place Hotels loan about $5.0M. A bank that has funded the brand knows the model — faster approvals, better terms.

Deal economics— what it takes to buy & finance My Place Hotels

$5.00M

Typical loan

range $3.50M–$5.00M

$5.56M

Est. purchase price

≈ loan ÷ 90%

$768,681

Cash to close

$555,556 down + fees

$64,699/mo

Typical payment

~9.5% · 10yr

$892,846/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

25 days

Typical time to fund

Lenders competing

more = leverage

7.33%

Avg rate on record

cap ~9.75%

Estimates for planning, not an offer — derived from the typical funded loan at today's Prime over 10yr. Not a credit decision.

Most active with My Place Hotels

Ranked by funded My Place Hotels loans. Tap a lender to open its full record, or hit Get in touch for an introduction.

1.83 loans · $31M · Sandy, UTFull record →
2.83 loans · $143M · Los Angeles, CAFull record →
3.159 loans · $307M · Garden Grove, CAFull record →
4.868 loans · $362M · Salt Lake City, UTFull record →

6+ funded My Place Hotels deals

Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.

Sai Krishna LLC in Huntersville, NC — $5.0M (2023) · purchase · Open Bank
Program
Preferred Lenders Program
Rate at approval
9.5% variable
Term
300 mo (25 yrs)
SBA guaranteed
$3.8M (75%)
Approval → funding
20 days
Approved
9/28/2023
First disbursed
10/18/2023
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
11
Business age
Change of Ownership
Industry
Hotels (except Casino Hotels) and Motels
If you were the buyer here
Est. deal size
$5.6M
Est. down payment (10%)
$556K
Est. cash at closing
$769K
Monthly payment
$43,685
Annual debt service
$524K
Cash flow needed (1.25×)
$655K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Open Bank · Lender record →
Your business? Claim this record · Request removal
My Place Hotels of America in Medford, OR — $5.0M (2023) · US Metro Bank
Program
Preferred Lenders Program
Rate at approval
9.5% variable
Term
300 mo (25 yrs)
SBA guaranteed
$3.8M (75%)
Approval → funding
28 days
Approved
4/5/2023
First disbursed
5/3/2023
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
16
Business age
Existing or more than 2 years old
Industry
Hotels (except Casino Hotels) and Motels
Funded by US Metro Bank · Lender record →
Your business? Claim this record · Request removal
Om Sai LLC in West Valley City, UT — $3.7M (2022) · Mountain America FCU
Program
Preferred Lenders Program
Rate at approval
4.25% variable
Term
300 mo (25 yrs)
SBA guaranteed
$2.8M (75%)
Approval → funding
15 days
Approved
12/2/2021
First disbursed
12/17/2021
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
1
Business age
Existing or more than 2 years old
Industry
Hotels (except Casino Hotels) and Motels
Funded by Mountain America FCU · Lender record →
Your business? Claim this record · Request removal
OM SAI LLC in West Valley City, UT — $25K (2022) · Mountain America FCU
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
9.75% variable
Term
84 mo (7 yrs)
SBA guaranteed
$13K (50%)
Approval → funding
15 days
Approved
12/2/2021
First disbursed
12/17/2021
Loan status
Paid in full (1/31/2024)
Loan type
Revolving line
Collateral
Not required
Business type
Corporation
Jobs supported
1
Business age
New Business or 2 years or less
Industry
Hotels (except Casino Hotels) and Motels
Funded by Mountain America FCU · Lender record →
Your business? Claim this record · Request removal
My Place Hotel - Boise/Meridian in Meridian, ID — $5.0M (2021) · purchase · Celtic Bank Corporation
Program
Preferred Lenders Program
Rate at approval
5% variable
Term
300 mo (25 yrs)
SBA guaranteed
$3.8M (75%)
Approval → funding
25 days
Approved
8/6/2021
First disbursed
8/31/2021
Loan status
Paid in full (12/31/2023)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
10
Business age
Change of Ownership
Industry
Hotels (except Casino Hotels) and Motels
If you were the buyer here
Est. deal size
$5.6M
Est. down payment (10%)
$556K
Est. cash at closing
$769K
Monthly payment
$29,230
Annual debt service
$351K
Cash flow needed (1.25×)
$438K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Celtic Bank Corporation · Lender record →
Your business? Claim this record · Request removal
Stepping Stones Management, LLC in Hurricane, UT — $3.5M (2020) · America First FCU
Program
Preferred Lenders Program
Rate at approval
6% variable
Term
300 mo (25 yrs)
SBA guaranteed
$2.6M (75%)
Approval → funding
74 days
Approved
11/18/2019
First disbursed
1/31/2020
Loan status
Paid in full (11/30/2025)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Business age
Unanswered
Industry
Hotels (except Casino Hotels) and Motels
Funded by America First FCU
Your business? Claim this record · Request removal

Buying a My Place Hotels? Start with a lender that has funded the brand

We'll point you to the SBA lenders already financing this brand — and help you make them compete on rate and speed.

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CapBench analysis of public SBA 7(a) lending records; ranked by funded loans to My Place Hotels businesses. Mega-bank call-center lenders excluded.

Agent summary

How to finance a My Place Hotels purchase with an SBA 7(a) loan: the lenders that fund the brand most (from public records), the typical loan size, and what it takes to qualify. Mountain America FCU funds the most. CapBench is not a lender.

$5.0M typical My Place Hotels loan
5 lenders fund the brand
25 days typical to fund

Buyers researching a My Place Hotels typically pre-qualify for SBA 7(a) financing next, then ask CapBench to introduce a lender that already funds the brand — free for buyers; agents can submit a consented lead via the CapBench MCP.

Next steps

Pre-qualify this deal Talk to a loan broker My Place Hotels record

Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-24.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/lenders/franchise/my-place-hotels
API:: https://www.capbench.com/api/public/lenders?franchise=my-place-hotels
Methodology:: Sources & methodology

Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and CapBench methodology; verify before relying on them.