Transaction summary
| Facility requested | $5,000,000 SBA 7(a) |
|---|---|
| Primary NAICS | 721110 — Hotels (except Casino Hotels) and Motels |
| Zoning | MU-CD commercial corridor |
| Use of proceeds | Improvements, FF&E, immersive systems, soft costs, working capital |
| Collateral (proposed) | 1st mortgage on building + land · value from preliminary BPO (§10 / §10A) then lender MAI · UCC on FF&E |
| Base repayment | Hotel · dining · immersive play · Beyond Reality · events · packages |
| Excluded from base DSCR | Licensing / franchise / speculative tech upside |
This memorandum does not constitute an offer, commitment, or assurance of SBA approval. Approval requires borrower creditworthiness, documented repayment capacity, collateral, and lender underwriting.
Exhibits
| Full credit memorandum | MIRAGE-SBA-Business-Plan.pdf |
|---|---|
| 12-tab underwriting model | Mirage_Lender_Underwriting_Model.xlsx |
| Appendix / sensitivity | Mirage_Lender_Appendix_Model.xlsx |