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MCC
June Closings!
MCC
is pleased to announce the following four loans closed last
month:
Cain & Snihur
$493,000 (acquisition loan with interior build-outs) |
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 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.
Their firm has handled hundreds of appeals over the years. One of the most recent they won, which is a landmark case in Florida, was in the Supreme Court of Florida on the issue of clergy sex abuse. Their case resulted in new law for the state of Florida, which holds 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 regularly in law school exams and has been cited in many publications throughout the country.
MCC provided long-term financing for a 1,300 SF office condominium located in Aventura (North Miami Beach), Florida to be their new corporate headquarters.
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www.cainsnihur.com
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Sea Goat Properties, LLC dba Sensormatic/EMX Industries, Inc.
$893,230 (acquisition loan with interior build-outs) |
EMX Industries was established in 1987 with the primary goal of supplying the gate, overhead door and parking industries with innovative sensors and controls. Today, EMX is dedicated to designing and manufacturing products to be used in a broad spectrum of applications and in many industries. They help companies in access control, security, fence, gate and door operator and parking markets.
In industrial automation and process control, EMX sensors are used in automotive, packaging, labeling, metal stamping, paper and wood processing, plastics, electronics and pharmaceutical manufacturing. Their contract manufacturing division specializes in radiation measurement and medical imaging industries. EMX uses in-house assembly lines capable of placing over 20,000 components per hour. We are providing long term financing for the purchase and tenant improvements to a 1,865 SF office condominium located in Aventura (North Miami Beach), Florida. Upon completion, this new office condo will serve as their corporate headquarters. |
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Coastal Towing & Salvage, Inc. dba Sea Tow Fort Lauderdale
$730,000 (acquisition loan) |
Coastal Towing and Salvage began its operations in 1995. It holds a franchise license from Sea Tow International and is the highest grossing franchise in the nation. The company holds the sole franchise for all of Broward County, Florida. Coastal Towing is widely successful because of its quality of equipment, superior staff, and its reputation in the boating community.
All Sea Tow captains are highly trained professionals with years of boating experience. Sea Tow captains respond to more than 46,000 calls per year and are required to earn their Coast Guard Merchant Marine Officer license. In the event that a member’s covered vessel becomes disabled and needs assistance towing, a Sea Tow captain will be the person to respond on the water. In addition to holding a Captain’s License, Captain Tim Morgan is also a certified diver and underwater welder, which allows him to perform underwater salvage operations.
In addition to routine distress calls, Coastal Towing will respond to boat fires, accidents and other tragedies. Coastal Towing supports many non-profit organizations by providing vessels, membership donations and monetary donations.
MCC provided long-term financing for their office/warehouse building located in Fort Lauderdale, Florida to become their new corporate headquarters. |
www.seatowftl.com |
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Aabsolute Massage & Skin Care Salon
$317,700 (acquisition loan) |
 In 2001, Aabsolute Massage & Skin Care Salon was opened by Christine Finan, an internationally certified Massage Therapist and Aroma therapist, to serve the Central Florida area as a full service massage and skin care salon. Aabsolute Massage and Skin Care specializes in: auto accidents, personal injury and pain management. With the purchase of this new, larger property in Longwood, Mrs. Finan plans to grow her business exponentially and hire several more professional, highly trained, licensed massage and skin care therapists.
We financed the purchase of their 2,253 SF office building in Longwood, Florida to be their new salon headquarters.
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MCC June Construction CO's!
MCC is pleased to announce two construction projects CO'd (gained their Certificates of Occupancy, meaning their construction was completed) last month:
Jenlin dba Dunkin Donuts/Baskin Robbins Franchise
$ 1,660,440
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Jenlin, Inc. operates as a Dunkin Donuts/Baskin Robbins franchise in Springhill, Florida. The company currently has two stores, one on Mariner Road and its new location on U.S. 19.
Dunkin' Donuts is the largest coffee and baked goods chain in the world providing high quality coffee, bagels, donuts and other baked goods since 1950.
Baskin-Robbins is the world's largest chain of ice cream specialty stores. High-quality ice cream, specialty frozen desserts and beverages are available in more than 4,500 retail stores around the globe.
MCC financed the construction of their new store on U.S. Highway 19.
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www.dunkindonuts.com
www.baskinrobbins.com |
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First Class Communications dba Viva Wireless
$1,410,840 |
First Class Communications is a Wireless Telecommunications retailer known as Viva Wireless. Their large selection of companies, plans and phones give customers more options than most other dealers. They are the most recognized wireless retailer in the Orlando marketplace. You've probably heard their radio spots if you live near Orlando.
Along with their extensive online catalog of cell phone accessories, they bring their clients the best customer service and most secure experience possible. First Class Communications designed their system to ensure that no one can obtain private information.
We financed the construction of First Class Communications' new headquarters in a large retail/office condominium space that looks like a small shopping/retail center.
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Upcoming Event:
MCC would like to invite you to participate
(along with us as team "Chocolate Thunder") in the
13th Annual March of Dimes
MUD VOLLEYBALL CHALLENGE |
Enjoy a day of mud-slinging fun while helping a worthy cause at the 13th Annual March of Dimes Mud Volleyball Tournament on Saturday, August 20, 2005. Held at the Lee Vista Center, this Central Florida event is the largest on the East Coast. Before August 1st it will cost just $400 to register a team of ten!
 Teams raising $1,000 or more receive special perks as “Club Mud” teams. Swine in style with premier event recognition and status including mud servants, massages, VIP restroom facilities, and much more.
Featuring more than 80 corporate teams wallowing in two to three feet of mud, the tournament raised over $85,000 with over 1,500 participants and spectators in 2004.
If you are interested in registering a team or would like more information about the event, please contact the March of Dimes at (407) 599-5077, email ccohn@marchofdimes.com or Robyn Moran at MCC.
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 The mission of the March of Dimes is to improve the health of babies by preventing birth defects and infant mortality. Every day 1 in 8 babies born in the U.S. arrives too soon. Premature birth can happen to any pregnant woman, and no one knows why. It is a serious, common and costly problem. The March of Dimes is leading the campaign to reduce premature birth by supporting research and by educating the public and health care providers. |
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