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Mercantile Capital Reports Its Loan Volume is Up More Than 149% Over Last Year (The Park Press)

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The Park Press
January 2013

Business

Mercantile Capital Corporation reports its commercial property loan volume is up more than 149 percent over last year and 2012 will end up as its best year ever.  Christopher Hurn, chief executive officer of Mercantile Capital Corporation, said the 10-year old firm should close commercial property loans to finance projects valued at a total of more than $450 million in 2012.  In 2011, Mercantile Capital closed $174 million in loans.  In November, Mercantile Capital financed $15 million in total project costs.  Hurn said the largest single loan in November financed the $11.2 million purchase of a multi-building campus for an aviation training institute in Inglewood, Calif.