MC
SBA 504 certified development company
Mortgage Capital Development Corporation
- Total loans
- 398
- Loan volume
- $710.8M
- Avg loan size
- $1.8M
- Charge-off rate
- 15.3%
- vs 13.3% national avg
Defaults
18
Franchises funded
218
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Best Western - Membership Agre | 15 | $43.6M | 0.0% (low risk) |
| Primrose Schools | 10 | $20.2M | N/A |
| Holiday Inn Express/Holiday In | 9 | $38.9M | 0.0% (low risk) |
| Comfort Inn | 7 | $8.0M | 33.3% (very high risk) |
| AM/PM Mini-Mart Agreement - AR | 7 | $14.9M | N/A |
| Farmer Boys | 7 | $8.0M | N/A |
| Comfort Inn by Choice Hotels/C | 7 | $16.9M | N/A |
| Motel 6 | 6 | $16.8M | N/A |
| Choice Hotels International In | 5 | $8.7M | 20.0% (very high risk) |
| Best Western Inn | 5 | $9.1M | 33.3% (very high risk) |
| Holiday Inn | 5 | $14.7M | 0.0% (low risk) |
| Chevron - Retail Supply Contra | 5 | $9.8M | N/A |
| Ace Hardware | 5 | $5.9M | N/A |
| Ace Hardware | 5 | $6.6M | 0.0% (low risk) |
| Ramada Inn | 4 | $7.9M | 33.3% (very high risk) |
| Days Inn | 4 | $5.1M | 50.0% (very high risk) |
| Hampton Inns | 4 | $11.5M | 0.0% (low risk) |
| Super 8 Motel | 4 | $4.6M | 25.0% (very high risk) |
| RE/MAX California and Hawaii R | 4 | $3.3M | N/A |
| Servpro | 4 | $4.4M | N/A |
Lending volume by year
4'96
2
2
3
2
4'01
3
3
2
3
14'06
7
10
2
4
7'11
9
15
12
4
10'16
14
12
20
13
27'21
63
31
32
56
8'26
Geographic coverage
California
29116.0% (high risk)
Arizona
520.0% (low risk)
Nevada
3012.5% (elevated risk)
Oregon
130.0% (low risk)
New Mexico
4N/A
Missouri
2N/A
Alaska
10.0% (low risk)
Hawaii
1N/A
Iowa
1N/A
Michigan
1N/A
Portfolio summary
Total funded$710.8M
Defaults18 of 398
Risk tierELEVATED
Source: SBA 504 FOIA loan-level data, aggregated by FranchiseVerdict
Charge-off rate = charge-offs / (charge-offs + paid-in-full). Active, exempt, and cancelled loans are excluded. Risk ratings: Excellent (<5%), Good (5-10%), Average (10-15%), Elevated (15-20%), High Risk (>20%).