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MERCANTILE COMMERCIAL CAPITAL, LLC

The 504 Experts

Fulfilling Dreams with Smarter Financing(SM)

Spooky MCC NEWS

October 28, 2005

Vol. 2, Issue 11

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This Halloween version of our newsletter is uncharacteristically coming out a little late this month due to us being slammed, not necessarily by hurricanes, but with business. For this we thank all of our clients, referral sources, and prospective clients. Please pardon our delay and know we'll get back on track next month. Speaking of last month, we gave four successful presentations, to over 125 attendees closed three loans worth $4.977 million, had three loans worth $2.82 million finish construction, and were featured with some of our clients as the cover story for the Orlando Sentinel's first-ever Commercial Real Estate Preview section. Moreover, for the second consecutive government fiscal year (October 1st to September 30th), we were the top originating 504 lender in North and Central Florida with just over 14% market share; only one other lender out of perhaps hundreds had even double digit market share like us in this region. We were also the fourth largest originating 504 lender in the entire state of Florida for the second year in a row in only our second full fiscal year in business. TRULY SCARY!!!

We are growing quickly and efficiently, making a significant difference in small business owners' lives, and having fun with our clients, referral sources, and colleagues. We continue to deliver our signature product (504 loans) with a FRIGHTENING blend of simplicity and speed. Give us a call/email so we can help you or someone you know right away...

"MCC kept the process as painless as possible, all issues were addressed and solutions found very quickly and with as little involvement from FBS as possible, leaving us time to conduct our business as usual. Also, MCC is very knowledgeable and informative. If an answer was not available, someone always knew who or where to go to get the information. We could not have completed this transaction without MCC. Mr. Hurn took care of all aspects of this loan and left us to do what we do best. As our second property with Mr. Hurn, both transactions were smooth and completed on or ahead of schedule."

- Max and Denise Clark

Owners of MEC Enterprises

dba Financial Business Services (FBS)

Client from 2003

Orlando Sentinel - Commercial Real Estate Preview:

"West" MCC cover page - "North" MCC cover page

Featured Article from the Orlando Sentinel's new Commercial Real Estate Preview Section...

The Next BIG Thing in Small Business:

Smarter Commercial Real Estate Financing

Small business owners all over Central Florida are finding out that it doesn’t take 20% down, numerous out-of-pocket expenses and large monthly payments to own or construct their commercial property. Many firms are taking advantage of a loan program championed by a local firm that flies in the face of ordinary commercial financing and enables small business owners to preserve more of their capital while minimizing the impact to cash flow. Read More...

MCC September Closings!
MCC is pleased to announce the following three loans closed last month:

Phenix Supply Company (refinance of five properties in four states)

$3,584,000

The Phenix Supply Company was founded in Georgia in 1899 to provide cleaning supplies to the commercial dry cleaning business. Today Phenix is the largest distributor of supplies to individual dry cleaning stores and laundries throughout the Southeast, with locations servicing customers in Florida, Alabama, Georgia, South Carolina, North Carolina, Tennessee, and Virginia. The company is in the business of distributing supplies (hangers and poly bags), chemicals (including solvents), marking pens, and tags to its large customer base. We refinanced five properties totaling 124,660 SF in four different states with one loan with a 20-year fully amortizing term at a very attractive five-year fixed interest rate. The listed properties below were refinanced.

29,900 SF office/warehouse located at 6401 Badger Drive, Tampa, FL 33610
14,280 SF office/warehouse located at 11705 Industry Drive, Jacksonville, FL 32226
22,600 SF office/warehouse located at 741 Massman Drive, Nashville, TN 37210
36,880 SF office/warehouse located at 5330 Dividend Drive, Decatur, GA 30035
21,000 SF office/warehouse located at 1200 First St. S, Extension, Columbia, SC 29209

(The picture located above is their office/warehouse located at 5330 Dividend Drive, Decatur, GA 30035).

Please visit: www.phenixsupply.com

	Investment Research Company (acquisition) [name withheld]
$788,625

We financed the acquisition of this investment research company's new headquarters located in Princeton, NJ with a 25-year fully amortizing term at a very attractive ten-year fixed interest rate with only 10% of the total project amount down as their equity. This was our first loan made in New Jersey.

Map and Globe (acquisition and renovations)
$672,000

Map & Globe was established in 1982 as a retail map store. In 1985, a laminating company was added and in 1995 a full framing shop was established. The founder of the company, Bert Green, sold the company to Jane Bond in 2003. The company then became Map & Globe, LLC. Mr. Green, however, chose the property associated with the business separately, so Mrs. Bond moved operations to its current temporary location in Sanford, Florida.

We financed the acquisition and renovations of a 4,290 SF building in Maitland, Florida with a 25-year fully amortizing term at a very attractive five-year fixed interest rate with only 10% of the total project amount down as their equity.

Please visit: www.mapandglobestore.com

Please click here to see other GHOULISH Past Projects on our web site.

"This process involved several significant issues, all of which required thoughtful input. MCC was great at handling these issues. We communicated [with MCC] what must have been over 100 times. [We] look forward to doing more business with MCC."

- Anu Saxena

Co-Owner
ASC Geosciences

Client from 2004

MCC September Construction COs!

MCC is pleased to announce the following three loans finished construction and received Certificates of Occupancy (CO's) last month:

Just Kidz (ground-up construction)

$1,117,000

Just Kidz preschool and Learning Center was founded in January of 2000 by its current owners, John and Dawn Kiziuk. The company provides an Early Childhood Education program and services families with children ages 6 weeks to 12 years. Just Kidz currently employs 12 full time teachers, which have been an integral part of the company's outstanding success. Management plans to hire an additional 8 teachers over the next two years in order to maintain the necessary teacher-child ratio that distinguishes Just Kidz from the many other day care facilities in the New Port Richey area. Over 85% of the current staff has received Childhood Development Associates (CDA) degrees. Just Kidz Preschool and Learning Center is only one of thirteen Gold Seal of Excellence Preschools out of the 103 licensed centers in Pasco County.

We financed the construction of their 6,500 SF building located in New Port Richey, Florida with a 25-year fully amortizing term at a very attractive five-year fixed interest rate with only 10% of the total project amount down as their equity.

DSMJ (ground-up construction)

$1,177,000

Desai Surgical Care was founded in September of 2003 for the purpose of providing exceptional general surgical services to patients in need. This includes but is not limited to: breast disease, large and small bowel disease, vascular disease, hernias, endocrine problems, liver disease and numerous others.

Seva Family Care was founded in April 2004. The corporation will be a solo family medical practice providing family care to patients in Northern Hillsborough County, Florida. The company will initially offer services primarily in family medicine and will eventually develop the capabilities of diagnostic services, such as laboratory, x-ray, and ultrasound services.

We provided construction and permanent 90% loan-to-cost financing for a 3,300 SF building located in Lutz, Florida to house both medical properties with a 25-year fully amortizing term at a very attractive five-year fixed interest rate.

Cain and Snihur (acquisition with substantial tenant improvements)

$535,700

Cain & Snihur was formed by May L. Cain and William J. Snihur Jr. (husband and wife) as a partnership, in January of 1992. Their firm handles legal matters in the following practice areas: Family Law; Divorce; Child Custody; Child Support; Paternity; Domestic Violence; General Civil Litigation; Probate; Guardianship; Real Estate; Wills & Trusts; Corporate & Commercial Litigation; Criminal Law and Civil; and Criminal Appeals.

The firm handles numerous appeals (hundreds over the years of its business). One of the most recent cases they've won, which is a landmark case in Florida, is one they took to the Supreme Court of Florida on the issue of clergy sex abuse. Their case resulted in a new law in the state of Florida, which held that there is no infringement on the First Amendment of the U.S. Constitution (separation of Church and State) in suing a religious institution for negligent hiring, retention and supervision of clergy. Their case is now cited in law school exams and in many publications throughout the country.

We provided 90% loan-to-cost financing for their 1,300 SF office condo located in North Miami Beach, Florida with a 25-year fully amortizing term at a very attractive five-year fixed interest rate.

Please visit: www.cainsnihur.com

MCC Events!

Please feel free to join us at the following upcoming events:

October 26, 2005 (7:30 a.m. until 4:00 p.m.) - Condominium Summit 2005, at the Marriott Beach Harbor Resort & Spa in Fort Lauderdale, FL. Chris will be a panelist at this first-ever event which will provide a focused opportunity to hear from leading investors, lenders, and developers in all types of condominium properties, from residential to hotel to office and industrial. With the market now well advanced and some cities already concerned about overbuilding, you will gain insight into what the risks are, where there are still opportunities, where new ones may be arising and how to ensure and exit strategy, along with identifying which lenders are still willing to take on such financing. This premier event also includes exclusive networking opportunities to help you find capital and development partners.

DUE TO THE DAMAGING EFFECTS OF HURRICANE WILMA, THE CPN CONDO SUMMIT SCHEDULED CONFERENCE FOR WED. OCT. 26TH WAS POSTPONED. A NEW DATE WILL BE ANNOUNCED SHORTLY.

November 4-6, 2005 - Franchise Times' Restaurant Finance and Development Conference in Las Vegas, at the Mirage - MCC will be an exhibitor, at booth number 208 to showcase our "Preferred Lending Program" for franchisees. View some of our past franchise clients and their projects.

If you would like to book us for a presentation at your next corporate meeting or event, please contact 407-786-5040 or info@mercantilecc.com for availability.

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Owning commercial property gives me a strong sense of financial security, especially in Central Florida where there is such a boom in real estate. I am an optometrist, and I wanted to own the property I built my practice on for retirement purposes. Valuations on private practices have been dwindling in the last couple of decades so I knew I needed more than just the sale of my practice to retire on. I'm also in a position to develop the 2.1 acres I own and lease or sell new buildings or pads. The door of financial opportunity is now wide open for years to come. I owe a great deal to MCC for assisting me in this acquisition. I am a young professional and did not have the capital to acquire the property through more traditional methods. With MCC's 504 Loan Program, and their expertise and creative financing, I was able to satisfy the requirements for the down payment rather easily. MCC worked very hard on my behalf and made what could have been a lot more difficult, a walk in the park. I give them a whole-hearted recommendation to anyone wishing to buy commercial real estate.

- Ben Larson, O.D.
Advanced Eye Care of Central Florida

Client from 2005

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Do you know someone who wants to own commercial property?

Tell us by calling 407-786-5040 or sending us an email at info@mercantilecc.com. Don't let HORRIFYING lenders SCARE you stiff and take your breathe away! With MCC, you could receive a valuable gift certificate and can be assured that your friend or client will be taken care of properly, professionally, and expeditiously. We would like the chance to earn your business.

	DON'T BUY OR CONSTRUCT COMMERCIAL REAL ESTATE BEFORE SPEAKING WITH US!
It would be a "Monster-ous" Mistake to do otherwise.

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Next Month

We will address the Startling Horrific Myths of the SBA and how these relate to our signature program (504 loans).

"Don't they take too long?!?"

No, Not Even Close!!!

"Don't they have too many fees?!?"

No, that's a different SBA program.

"Isn't there too much paperwork?!?"

Hardly!!!

"Aren't those loan for start-ups and the worst borrowers?!?"

Again, No!!!

"Aren't the rates higher ?!?"

A Thousand Times No!!!

For some lenders, the SBA or trying even to do an SBA 504 loan is like reliving Halloween every day. Don't be frightened! You or your clients won't be scared when they go with the experts.

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For more information about MCC or our 504 Loan Program that provides 90% loan-to-cost financing of owner-occupied commercial real estate with longer amortizations at below market, longer-term fixed interest rates, please visit us online at www.504experts.com or call us toll free at 1-866-MCC-4-504.

In Central Florida, please call 407-786-5040 or email us at info@mercantilecc.com.

In South Florida, please call Janet Garcia at 305-632-1992 or email her at jgarcia@mercantilecc.com

In Illinois, please call John Atchley at 630-640-1528 or email him at jatchley@mercantilecc.com.

Nationwide, please call 1-866-MCC-4-504 or email us at info@mercantilecc.com.

Respectfully yours,


Christopher G. Hurn President/CEO/Co-Founder	G. Geoffrey Longstaff Chairman/Co-Founder

Fulfilling Dreams with Smarter Financing(SM)

Happy Halloween!

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