Press Releases
ALTAMONTE SPRINGS, Fla. — Mercantile Commercial Capital, LLC, which plans to open Emergent National Bank (proposed), a business bank in Winter Park in December, has appointed a new board member and executive vice president and senior lender.
Geof Longstaff, chairman of Mercantile Commercial Capital, LLC, which will be a division of the new bank, said Jim Lane has been appointed to Emergent National Bank’s (proposed) board of directors. Lane is a former senior partner at Price Waterhouse Coopers, Longstaff said.
Dwayne Hamner was appointed executive vice president and senior lender at Emergent National Bank (proposed), Longstaff said. Hamner, a former executive at SunTrust Banks and First Mercantile National Bank, most recently served as a development partner with Sumner Kramer of …
ALTAMONTE SPRINGS, Fla. –Mercantile Commercial Capital, LLC, which specializes in U.S. Small Business Administration (SBA) 504 loans for small business owners, reported it closed on nine commercial loans from January through March on total projects of over $20.9 million.
Geof Longstaff, chairman of Mercantile Commercial Capital, said first quarter loans included three hotel properties valued at $14.2 million. Two of those hotels are located in Texas and one in Louisiana.
Christopher Hurn, president of Mercantile Commercial Capital said the first quarter loans funded projects in five states, including Florida. Altogether, Mercantile’s net income during the first quarter is up more than 38 percent over the same period last year.
Mercantile Commercial Capital’s first quarter loans helped to create 119 new jobs, Hurn said.
In …
03/21/2008
ALTAMONTE SPRINGS, Fla. — Mercantile Commercial Capital, LLC, which specializes in U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, plans to launch Emergent National Bank late this year with $37 million in startup capital.
Geof Longstaff, chairman of Mercantile Commercial Capital, said he and an organizing group recently filed an application to form a national bank. He expects to open the new bank in the fourth quarter of 2008. The application includes plans to acquire Mercantile Commercial Capital, LLC as part of the chartering process.
“This is the natural extension for Mercantile Commercial Capital,” said Longstaff. “This will solidify our place as one of the nation’s leading SBA 504 lenders and …
ALTAMONTE SPRINGS, Fla. — Commercial property lender Mercantile Commercial Capital, LLC, which INC Magazine ranks as one of the 500 fastest-growing companies in the U.S., hosted more than 200 area business leaders, lenders and clients at its Fifth Anniversary Mardi Gras Gala recently.
Christopher G. Hurn, president and chief executive officer of Mercantile Commercial Capital, said the event celebrated more than his company’s meteoric growth—participants contributed more than $6,500 for the Florida Hospital Foundation.
ORLANDO, Fla. (February 27, 2008) —- The toll that the tightening credit market is taking on small businesses’ access to capital has spurred bills in the U.S. Congress aimed at curbing the fees and increasing the maximum size of Small Business Administration loans under the agency’s most popular lending program. The president and CEO of Mercantile Commercial Capital, one of the country’s largest SBA lenders, Chris Hurn is writing to congressional leaders and the SBA to indicate that the proposed changes are misguided and suggest reforms for the SBA 504 loan program that he believes would make a significant positive impact during the current economic downturn.
Specifically, Hurn indicates that the current bills before the U.S. Congress (H.R. 1332, S. 1256 and S. …
Mercantile Commercial Capital, LLC names Shawna McAllister Marketing Associate
ALTAMONTE SPRINGS, Fla. — Mercantile Commercial Capital, LLC, has appointed Shawna McAllister marketing associate.
Christopher G. Hurn, president and chief executive officer of the Altamonte Springs firm, said McAllister is attending the University of Central Florida while working at Mercantile Commercial Capital.
ALTAMONTE SPRINGS, Fla. — Mercantile Commercial Capital, LLC, which ranks as one of the region’s most active providers of U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, reported it closed on 48 commercial loans for projects totaling of $102 million in 2007.
Christopher G. Hurn, president and chief executive officer of Mercantile Commercial Capital, said lending activity in 2007 is up more than 23 percent over 2006. In 2007, Mercantile Commercial Capital closed on commercial loans in 17 different states, Hurn added.
Altogether the loans helped to create 765 new jobs Hurn said.
Mercantile is celebrating its fifth anniversary this year. The firm has broadened it scope and now includes …
Chris Hurn Named “Most Respected Executive in Central Florida”
Orlando Business Journal Readers Select Chris Hurn for Top Award in 2007 Reader’s Choice Awards List.
Orlando, Fla. – January 17, 2008- Orlando Business Journal readers picked top honors in 52 categories, and selected Chris Hurn, president and CEO of Mercantile Commercial Capital, as this past year’s “Most Respected Executive” in Central Florida.
Chris Hurn has developed his commercial lending firm, Mercantile Commercial Capital, into an Inc. 500 powerhouse as one of the nation’s leading commercial lenders. MCC is one of only a select few companies helping small businesses reap the benefits from U.S. Small Business Administration (SBA) 504 loans, allowing his firm’s clients to receive the highest cash-on-cash return for their commercial property investments.
Among other things, Hurn actively participates in the business development, …
SBA 504 Loan Experts, Mercantile Commercial Capital, Named “Best Small Company in Central Florida”
Orlando Business Journal Readers Select Mercantile Commercial Capital for Top Award in 2007 Readers’ Choice Awards List.
Orlando, Fla. - January 16, 2008- Orlando Business Journal readers chose the winners for 52 categories in December, and selected Mercantile Commercial Capital, specializing in U.S. Small Business Administration (SBA) 504 loans for small business owners, as this past year’s “Best Small Company.”
“We’ve worked very hard this year, and it feels good to be recognized for our efforts,” said Chris Hurn, President, CEO, and cofounder of Mercantile. Their growth over the past year has been phenomenal: they created the ACE correspondent program, and now have 30 correspondent offices around the country. Also, last year the firm closed 48 commercial loans on projects that totaled over $102 …
Orlando, Fla. – January 15, 2008- The U.S. Small Business Administration’s (SBA) 504 loan program has grown tremendously over the past five years, whereas its 7(a) loan program has been steadily decreasing in dollar volume. The 7(a) loan has played a large part in giving the SBA its problematic reputation, but the growth of the advantageous 504 loan is turning that reputation around.
Over the past three fiscal years, the number of SBA 504 loans has increased 15.44%, while the number of 7(a) loans has only gone up only 3.8%. In terms of dollar volume, the 504 loan has increased 23.6% in that same time period, while the 7(a) has actually decreased 6.2%. The 7(a) program is down over $900 million, whereas the 504 program is …
ALTAMONTE SPRINGS, Fla. — Mercantile Commercial Capital, LLC, which specializes in U.S. Small Business Administration (SBA) 504 loans to small business owners who want to develop or acquire their own facilities, reported it closed on nine commercial loans recently that totaled more than $23.7 million in project costs.
Christopher G. Hurn, president and chief executive officer of Mercantile Commercial Capital, said the new loans include:
• $1,882,215 to Bob Bickhaus Motors, Inc., in Macon, Missouri to build a 19,959-square foot Bentz GM Country automobile dealership with a 25-year, fully amortizing term with an attractive five-year fixed interest rate and 90% loan-to-cost financing. Total project cost is $2,091,350.
• $3,718,000 to Atserv Group, Inc. to develop a unique 18,000-square foot multi-purpose community facility in Waukegan, Illinois, that will …
ALTAMONTE SPRINGS, Fla. — Mercantile Commercial Capital, LLC, which specializes in U.S. Small Business Administration (SBA) 504 loans for small business owners who want to develop or acquire their own facilities, reported its commercial loan volume is up more than 22 percent over last year.
Christopher G. Hurn, president and chief executive officer of Mercantile Commercial Capital, said the firm closed on 47 commercial loans that totaled more than $101 million from Jan. 1 through Nov. 30.
Hurn said Mercantile Commercial Capital’s 504 loans have helped create 761 new jobs.
Last year, Mercantile Commercial Capital launched a major expansion of its correspondents program. So far this year Mercantile Commercial Capital has added 14 correspondent offices, including Seattle, San Antonio, Wichita, Phoenix, Sacramento, Dallas, St. Louis, and Cape Cod. …
ALTAMONTE SPRINGS, Fla. – Mercantile Commercial Capital LLC, which specializes in U.S. Small Business Administration (SBA) 504 loans, expects to end their fifth year of operation by posting another record volume.
Christopher Hurn, president and chief executive officer at Mercantile Commercial Capital, LLC, said the firm has closed on 34 loans since the start of the year for a volume of more than $63.6 million. Loan volume is up more than 8 percent over the same period last year Hurn added, and fourth quarter lending typically represents almost half the company’s annual volume.
Mercantile Commercial Capital expects to end the year with loans that total over $89 million and help to create close to 650 jobs in the area –– an important SBA-504 lender …
Mercantile Commercial Capital enters Fireball Rally
Mercantile Commercial Capital has entered the 2007 Fireball Run Transcontinental Rally. This event is comprised of 100 teams of some of the most successful people on the planet, who will embark on a 3,500 mile, 9-day transcontinental adventure.
The Fireball Run is a live-action “game” and America is the game board. Starting in Orlando, Florida and finishing in Los Angeles, California, players only know the beginning and the end.
Mercantile Commercial Capital has partnered up with Fields BMW, Central Florida’s Largest BMW dealer. MCC and Fields are both excited to be a part of this event and the impact it will make in our community.
This is another event in which Mercantile Commercial Capital is participating in a charitable cause. Previous events …
ALTAMONTE SPRINGS, Fla. – Mercantile Commercial Capital, LLC, the Altamonte Springs firm that specializes in U.S. Small Business (SBA) 504 loans for small business owners, reported it closed on three commercial loans recently that total more than $3.5 million.
Christopher Hurn, president and chief executive officer of the firm said the loans closed include:
• $967,950 to McGrover Capital Management, a real estate mortgage brokerage firm headquartered in Orlando to provide long term financing to acquire a 3,529 square foot office condominium. The total project cost, including acquisition and renovations, was $1,075,500.
• $1,482,750 to Bucks County Wellness Centre, to acquire a 10,000 square foot building in Newtown Township, Pa. to expand its practice to chiropractic, massage therapy.
• $1,072,800 to Dari Pizza Enterprises II, Inc., …
Mercantile Commercial Capital, LLC Names April Colasurdo Marketing Associate
ALTAMONTE SPRINGS, Fla. – Mercantile Commercial Capital, LLC recently appointed April Colasurdo marketing associate.
Christopher Hurn, president of Mercantile Commercial Capital, said Colasurdo is a graduate of the University of Central Florida.
For more information contact:
Chris Hurn, Mercantile Commercial Capital, LLC 407-786-5040
Geof Longstaff, Mercantile Commercial Capital, LLC 407-786-5040
Larry Vershel or Beth Payan, LV Communications, 407-644-4142
Lending “Troubles” a Boost for Small Business Commercial Loans at Mercantile Commercial Capital
ALTAMONTE SPRINGS, Fla. – Widespread troubles in the subprime residential and CMBS lending markets may prove a boon for one real estate mortgage niche – small business owners wanting to acquire or develop their own facilities. That’s the niche Mercantile Commercial Capital has focused on for the past four and a half years exclusively, and business continues to grow.
The firm, which boasts a network of more than 20 correspondents in eastern states, will launch a major expansion this November to focus on western states.
“We’re busier than ever,” said Chris Hurn, president and chief executive officer of Mercantile Commercial Capital. The subprime problem that is consuming other lenders means we’re seeing clear skies in all directions,” he said.
“Mercantile Commercial Capital’s market niche isn’t exposed …
ALTAMONTE SPRINGS, Fla. – Mercantile Commercial Capital, LLC, which specializes in U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, closed on three commercial loans in July in Texas, Georgia and Miami that total $8,696,337.
Christopher G. Hurn president and chief executive officer of Mercantile Commercial Capital, said the loans included:
• $6,247,337 to Ohm Harshmeeka to provide long term financing for the $7.35 million acquisition of the Sleep Inn and Econo Lodge in Valdosta, Ga.;
• $384,837 to Spur Hospitality Inc., in Atlanta, Texas for new construction and long term financing to build the $452,750 Silver Spur Texas Grill;
• $2.4 million to the Real Estate Center of America, LLC, to finance acquisition …
Office Rents Skyrocket Across the Nation
ALTAMONTE SPRINGS, Fla. — Christopher G. Hurn, President/CEO of Mercantile Commercial Capital, LLC, which ranks as one of the nation’s leading providers of commercial loans for small business owners who want to acquire or develop their own facilities, reported recent findings from the real-estate research firm, Reis Inc.
“Effective rents on office properties leapt an average of 3.1% during this year’s second quarter, up from increases of 2.8% in the first quarter and 2.1% in the year-earlier period,” Hurn said, citing the Reis Inc. report.
The Wall Street Journal also recently reported these increases as the sharpest quarterly rise since the third quarter of 2000.
“The commercial lease market had been soft, if not depressed, in most markets dating back to the dot-com bubble burst and 9/11 terrorist …
ALTAMONTE SPRINGS, Fla. — Mercantile Commercial Capital, LLC, which ranks as one of the nation’s leading providers of U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, closed on four commercial loans in June for $4,487,410 in total project costs.
Christopher Hurn, president of Mercantile Commercial Capital, said the firm’s June loan transactions include:
• $401,400 to real estate investors American Pinnacle Luxury Homes to build a 1,188 square foot office building in Pembroke Pines.
• $1,893,600 to Gaucho Steakhouse, a Brazilian-style steakhouse restaurant, to build a 7,232 square foot restaurant facility in Northville, …
ALTAMONTE SPRINGS — Mercantile Commercial Capital, LLC, which ranks as one of the lending providers of U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, reported it closed on 25 new commercial loans from Jan. 1 through June 30 that total more than $42 million in project costs.
Christopher G. Hurn, president and chief executive officer of Mercantile Commercial Capital, said the dollar volume of loans the firm provided during the first half of 2007 was up nearly 30 percent over the same period last year.
Hurn said he projects Mercantile Commercial Capital will provide commercial property loans that total more than $100 million this year.
Recent loans include:
• $667,310 to Black Bear USA, …
ALTAMONTE SPRINGS — Mercantile Commercial Capital, LLC, which ranks as one of the lending providers of U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, reported it closed on 25 new commercial loans from Jan. 1 through June 30 that total more than $42 million in project costs.
Christopher G. Hurn, president and chief executive officer of Mercantile Commercial Capital, said the dollar volume of loans the firm provided during the first half of 2007 was up nearly 30 percent over the same period last year.
Hurn said he projects Mercantile Commercial Capital will provide commercial property loans that total more than $100 million this year.
Recent loans include:
• $667,310 to Black Bear USA, …
ALTAMONTE SPRINGS — Mercantile Commercial Capital, LLC, which ranks as one of the leading providers of Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, will rank among the nation’s 500 fastest growing companies when INC Magazine publishes its INC 500 list later this year.
Christopher G. Hurn, president of Mercantile Commercial Capital, said INC Magazine notified the firm it will be included in the 500 list this year.
“We don’t know our ranking, only that we’ll be on the list,” Hurn said. “We’re all pretty excited about it.”
“Mercantile Commercial Capital reported it closed on 27 new commercial loans from January through June 30 that total more than $42 million. So far loan volume …
ALTAMONTE SPRINGS, Fla. – Mercantile Commercial Capital, LLC, the Altamonte Springs firm that ranks as one of the nation’s leading providers of U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, reported it closed on seven commercial loans in May that total $7,482,186.
Christopher Hurn, president of Mercantile Commercial Capital, said the loan closings include clients in North Carolina, New Mexico and Ohio in addition to Florida:
• $585,486 to Black Belt USA, Inc., in Charlotte, N.C., providing 89 percent financing to acquire its 4,004 square foot martial arts studio;
• $1,710,000 to Santa Fe Décor, of Santa Fe, N.M., 90 percent financing to develop its new 14,592 square foot design center located in …
ALTAMONTE SPRINGS, Fla. – Mercantile Commercial Capital, LLC, the Altamonte Springs firm that ranks as one of the top providers of U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, has been named a finalist in two major national award competitions.
Christopher Hurn, president and chief executive officer of the firm, said the U.S. Chamber of Commerce has honored Mercantile Commercial Capital as a finalist in competition for its Blue Ribbon Small Business Award.
The annual award focuses on companies’ outstanding business history and commitment to employees, customers and the community, Hurn said.
The Association for Corporate Growth (ACG) named Mercantile Commercial Capital a finalist for its company of the year “Smart” Award for …
MERCANTILE COMMERCIAL CAPITAL CHOSEN “BEST PLACE TO WORK” AMONG ORLANDO AREA BUSINESSES
Altamonte Springs, Fla. – Mercantile Commercial Capital, LLC, which specializes in U.S. Small Business Administration (SBA) 504 loans for small business owners, was recently named the “best place to work” among businesses with fewer than 50 workers in the Orlando area.
Christopher G. Hurn, president and chief executive officer of Mercantile Commercial, said the firm has 11 full time employees in Orlando area offices as well as offices in Tampa, South Florida and Chicago.
MCC had the highest score (97.18%) out of all other companies as calculated by an independent firm, QMR Market Research.
Hurn said the firm’s customers –– almost all of whom are entrepreneurs –– help make Mercantile Commercial the best place to work. “All of us here are entrepreneurs in our …
MERCANTILE COMMERCIAL CAPTIAL PROMOTES FOUR TO TOP ADMINISTRATIVE POSITIONS
ALTAMONTE SPRINGS, Fla. – Mercantile Commercial Capital, LLC, which specializes in U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, recently promoted four professionals to top administrative positions.
Christopher Hurn, president of the firm, said he promoted Anthony Zara to executive vice president. Zara joined Mercantile Commercial Capital over three years ago.
Trey Colson was promoted to vice president of marketing, Hurn said. Colson joined the firm in late 2004.
Robin Lashley, who joined the firm in early 2005, has been promoted to marketing manager.
Nicholas Triadis was promoted to special projects manager. He has been with Mercantile for nearly one year.
For more information, contact:
Chris Hurn, Mercantile Commercial Capital, LLC 407-786-5040
Geof Longstaff, Mercantile Commercial Capital, …
AT MERCANTILE COMMERCIAL CAPITAL, LLC BUSINESS VOLUME IS KEEPING PACE WITH AWARDS
ALTAMONTE SPRINGS, Fla. – Mercantile Commercial Capital, LLC, the Altamonte Springs firm that specializes in U.S. Small Business Administration (SBA) 504 commercial property loans for small businesses that want to acquire or develop their own facilities, is seeing record growth this year in loan volume and public awards.
The firm reported recently that it closed on 16 commercial loans from January through April that totaled $30 million. That’s up from 18 loans that totaled $23.2 million during the same 2006 period.
Chris Hurn, president of the firm, said Mercantile Commercial is also winning a record volume of awards.
Hurn was recently named 2006 Marketing Guru of the Year by a trade publication. The firm was recently named one of Central Florida’s Best …
ALTAMONTE SPRINGS, Fla. – Mercantile Commercial Capital, LLC, which specializes in U.S. Small Business Administration (SBA) 504 loans for small businesses who want to acquire or develop their own facilities, reported it closed on three commercial loans that totaled $8.6 million in April.
Geof Longstaff, chairman of the firm, said 16 commercial loans the firm closed from Jan. 1 through April 30 totaled $30 million. Longstaff said Mercantile Commercial Capital closed on 18 loans that totaled $23.2 million during the same period last year.
“That was more than 29 percent over the same period in 2006,” Longstaff said.
For more information, contact:
Chris Hurn, Mercantile Commercial Capital, LLC 407-786-5040
Geof Longstaff, Mercantile Commercial Capital, LLC 407-786-5040
Larry Vershel or Beth Payan, LV Communications, 407-644-4142
CHRIS HURN OF MERCANTILE COMMERCIAL CAPTIAL NAMED 2006 SBA MARKETING GURU OF THE YEAR
ALTAMONTE SPRINGS, Fla. – Christopher Hurn, president of Mercantile Commercial Capital, LLC in Altamonte Springs was honored by Coleman Publishing, the California-based publisher of Coleman Report, America’s leading professional journal for providers of U.S. Small Business Administration loans, as the 2006 “Marketing Guru of the Year.”
Mercantile Commercial Capital ranks as one of the largest and most active providers of U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own commercial facilities.
Last year, Mercantile Commercial Capital reported it closed on loans that totaled more than $81.62 million for 55 small businesses.
Coleman Publishing considered SBA lending executives at more than 8,799 financial institutions nationwide in making this selection.
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For more information, contact:
Chris Hurn, Mercantile Commercial Capital, LLC 407-786-5040
Geof …
Mercantile Commercial Capital Appoints Three Commercial Brokerage
ALTAMONTE SPRINGS, Fla. – Mercantile Commercial Capital LLC, which specializes in providing U.S. Small Business Administration (SBA) 504 loans for small business owners, recently appointed three professionals to their staff.
Christopher G. Hurn, president an chief executive officer of Mercantile Commercial Capital, LLC said he named Ken Nichols, administrative assistant. Hurn said Nichols has more than 25 years of experience including many years in the banking industry.
Hurn also named Rebecca Herter, marketing associate. Herter has more than six years of experience in the construction industry.
Hurn also named Matthew Harrison, marketing associate. Harrison is a recent graduate of the University of Central Florida.
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For more information please contact:
Christopher Hurn, President Mercantile Commercial Capital, 407-786-5040
G. Geoffrey Longstaff, Mercantile Commercial Capital, 407-786-5040
Larry Vershel or Beth Payan, LV …
MERCANTILE COMMERCIAL CAPITAL, ANNOUNCES ANNUAL ‘BOATIE’ AWARDS
ALTAMONTE SPRINGS, Fla. — Mercantile Commercial Capital LLC, the Altamonte Springs firm that ranks as one of the largest U.S. providers of Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, awarded 10 “Boatie” Awards for outstanding contributors in 2006.
The 2006 “Boatie” Award recipients include:
• Lynn Henricks of Henricks & Associates for Service Professional of the Year 2006 (www.henricksandassoc.com);
• The Scott Partnership for Architect of the Year 2006 (www.scottarchitects.com);
• Birchmier Construction, Inc. for Developer of the Year 2006;
• Chris Kozlowski of Kozco Realty & Mortgage for Mortgage Broker of the Year 2006 (www.kozcorealty.com and www.sakllc.com);
• Charles Edwards of The Gainsborough Group for General Contractor of the Year …
MERCANTILE COMMERCIAL CAPITAL CLOSES ON THREE COMMERCIAL LOANS IN FEBRUARY, EIGHT SINCE JAN. 1
ALTAMONTE SPRINGS, Fla. – Mercantile Commercial Capital, LLC, which specializes in providing U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, reported it closed on three commercial loans in February that totaled more than $3.4 million.
Christopher G. Hurn, president and chief executive officer of the firm, said the three commercial loans are projected to facilitate a total of 26 new jobs.
Mercantile Commercial Capital has closed on a total of eight commercial loans since Jan. 1, worth more than $10.47 million. Hurn said the loans will facilitate a projected 82 new jobs.
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For more information please contact:
Christopher G. Hurn, President Mercantile Commercial Capital, LLC 407-786-5040
G. Geoffrey Longstaff, Chairman Mercantile Commercial Capital, …
ALTAMONTE SPRINGS, Fla. – Mercantile Commercial Capital, LLC, which ranks as one of the nation’s leading providers of U.S. Small Business Administration
(SBA) 504 loans for small business owners, closed on four commercial loans worth more than $3.8 million in January.
Christopher Hurn, president and chief financial officer of Mercantile Commercial Capital, said the loans included:
• $1,671,975 to the Health Law Firm of Altamonte Springs to develop and
build an 8,000 square foot medical office facility. The loan provided a 25-yer fully-amortizing term and five-year fixed interest rate with 10 percent of project cost required as equity;
• $563,400 to Abraham K. Asseff, DDS, PA to acquire and renovate a 2,256
square foot office condominium in Hollywood, Fla., that includes a 25-year fully-amortizing term at a 10-year fixed rate of interest;
• $831,300 …
MERCANTILE COMMERCIAL CAPITAL, LLC REPORTS RECORD YEAR FOR COMMERCIAL LOANS
ALTAMONTE SPRINGS, Fla. – Mercantile Commercial Capital, LLC, which ranks as one of the nation’s leading providers of U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, reported a record volume of commercial loans in 2006.
Christopher Hurn, president and chief executive officer of Mercantile Commercial Capital, said the firm closed on 55 loans valued at $81,620,800 in 2006, a 79 percent increase over 2005.
Hurn said projects financed by Mercantile Commercial Capital in 2006 helped create more than 532 new jobs, up from 331 new jobs in 2005 or a 61 percent increase.
The firm’s largest single loan –– $5.8 million –– financed the acquisition of a bowling alley in Hattiesburg, Miss.
For …
ALTAMONTE SPRINGS, Fla. – Mercantile Commercial Capital, LLC, which ranks as one of the nation’s leading providers for U.S. Small Business Administration (SBA) 504 loans, will host its 4th anniversary party Feb. 16, from 5:30 to 9 p.m. at the firm’s headquarters on SR 434 in Altamonte Springs.
Christopher Hurn, president and chief executive officer, said he is planning a Mardi Gras theme and more than 500 invited guests are expected to attend. Hurn said live Dixieland Jazz, entertainment and plenty of food are planned. Proceeds from the celebration will benefit Mercy Corp., which is helping to revitalize New Orleans.
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For more information please contact:
Christopher G. Hurn, President Mercantile Commercial Capital, 407-786-5040
Geoffrey Longstaff, Mercantile Commercial Capital, 407-786-5040
Larry Vershel or Beth Payan, LV Communications, 407-644-4142
ALTAMONTE SPRINGS, Fla. – Mercantile Commercial Capital, LLC, which specializes in U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, closed on four SBA-504 loans in November worth $5,576,550.
Christopher Hurn, president of the firm, said the loans provided financing to acquire, renovate and develop new commercial facilities in DeBary, Casselberry and Highland Village, Texas.
The loans include:
• $3,348,000 to RNB Holdings, owners of Repair Resource, Inc., which refurbishes and recycles technology equipment, and Direct Wireless, Inc., the leading Nextel authorized representative in the southeast. Mercantile Commercial Capital provided long term, 90 percent loan-to-cost financing with a 25-year fully amortizing term and five-year fixed interest rate to acquire land and building and …
Altamonte Springs, Fla. — Mercantile Commercial Capital, LLC, one of the nation’s leading providers of U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, has launched a nationwide expansion program that will focus on as many as 150 local markets.
Christopher G. Hurn, president of Mercantile Commercial, said the first phase of expansion is already underway: Hurn and his staff conducted a two-day training seminar recently for correspondents who will represent the Mercantile Commercial Capital brand in 15 markets in nine states.
Hurn said a second phase of expansion will launch in four months.
“We anticipate that we will cover the country in at least 125 different local markets and as many as 150 …
Altamonte Springs, Fla. — Mercantile Commercial Capital, LLC, one of the nation’s leading providers of U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, has launched a nationwide expansion program that will focus on as many as 150 local markets.
Christopher G. Hurn, president of Mercantile Commercial, said the first phase of expansion is already underway: Hurn and his staff conducted a two-day training seminar recently for correspondents who will represent the Mercantile Commercial Capital brand in 15 markets in nine states.
Hurn said a second phase of expansion will launch in four months.
“We anticipate that we will cover the country in at least 125 different local markets and as many as 150 …
ALTAMONTE SPRINGS, Fla – Christopher Hurn, president and Chief Executive Officer of Mercantile Commercial Capital, LLC, was a featured panelist at Restaurant Finance Monitor magazine’s annual conference and trade show in Las Vegas recently with more than 1,800 restaurant executives in attendance.
Hurn, whose company specializes in U.S. Small Business Administration (SBA)
504 loans for small business owners who want to acquire or develop their own facilities, spoke about the financing of restaurant facilities and growth funding for franchisees.
So far this year Mercantile Commercial has provided nearly 60 commercial loans that total more than $63 million. Hurn said restaurant facilities represent about 15 percent of the firm’s lending, but that figure is growing.
“Franchised restaurants, and franchisees in general, represent one of the strongest small business segments …
Altamonte Springs, Fla. — Mercantile Commercial Capital, LLC, one of the nation’s leading providers of U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, has chosen Homes for Our Troops, Inc., as the personal and corporate beneficiary of its annual holiday charity efforts.
Christopher G. Hurn, president of Mercantile Commercial Capital, said Homes for Our Troops, Inc., assists injured veterans with donations of money, building materials, and professional labor in building new homes or modifying existing homes to accommodate their disabilities.
Hurn said benefits to veterans are provided at no cost to the injured soldier or to the government.
Hurn said that through Dec. 31, Mercantile Commercial Capital will donate $100 of every $199 annual subscription to …
MERCANTILE COMMERCIAL CAPITAL, LLC CLOSES ON THREE COMMERCIAL LOANS THAT TOTAL CLOSE TO $5 MILLION
ALTAMONTE SPRINGS, Fla. – Mercantile Commercial Capital, LLC, which ranks as Florida’s largest and most active provider of U.S. Small Business Administration (SBA) 504 financing for small business owners who want to acquire or develop their own facilities, reported it closed on three SBA 504 loans that total $4,952,000 in October.
Christopher Hurn, president of Mercantile Commercial Capital, said the loans included:
• $4,344,400 to Prestige Flooring & Installations, Inc., a successful 29-year-old family owned business that provides flooring and custom stone fabrication. Mercantile Commercial Capital provided 90 percent loan-to-value financing with a 25-year fully amortizing term and a five-year fixed interest rate to acquire three office warehouses totaling 34,650 square feet of space for $3,716,000. The facilities are located in DeBary.
• $182,250 …
ALTAMONTE SPRINGS, Fla. – Christopher G. Hurn, president of Mercantile Commercial Capital, LLC of Altamonte Springs, told a committee of the Metro Orlando Economic Development Commission his firm’s meteoric rise from startup to the top-ranked SBA-504 commercial lending provider in the southeast is a result of a radical management strategy that re-invents the rules.
Mercantile Commercial Capital, which specializes in U.S. Small Business Administration (SBA) loans for small business owners who want to acquire or develop their own facilities, opened in September 2003, and has since won the NADCO “Banker of the Year Award” and the SBA “Financial Services Champion of Year Award” as the top SBA-504 lender in Florida and the southeastern US.
“Sometimes, government agencies develop great programs but they almost never market them with …
ALTAMONTE SPRINGS, Fla. – Mercantile Commercial Capital, LLC, which specializes in U.S. Small Business Administration (SBA) 504 loans for business owners who want to acquire or develop their own facilities, reported it closed on seven loans in September for total projects worth more than $6.9 million. Christopher G. Hurn, president of Mercantile Commercial, said the loans also helped to create more than 31 new jobs. Projects included:
• $2,607,000 to Mordeaux with Pizza LLC, owners of Uno’s Chicago Grill Restaurants, which provided 85 percent financing to acquire an 8,000 square foot facility in Grand Rapids, Michigan.
• $702,000 to Porto Fino Office Property, LLC, which provided 90 percent financing to acquire and renovate a 2,600 square foot free standing office condominium in Fort Myers.
• $565,000 …
Mercantile Commercial Capital Closed on Seven SBA-504 Loans Worth More Than $7,776,000 Recently
ALTAMONTE SPRINGS, Fla. – Mercantile Commercial Capital, LLC, which specializes in U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, closed on seven SBA 504 loans recently that totaled more than $7.77 million.
Christopher Hurn, president of Mercantile Commercial said loan agreements included:
• $1.25 million to Florida Lighting Partners of Central Florida, Inc., to build its 8,960 square foot facility in Orlando. The 25 year, fully amortizing loan required 10 percent down and offered below market interest rates fixed for five years;
• $1.024 million to Dan-Bar, Inc, an Orlando electrical contracting firm, to acquire and renovate a 14,000 square foot warehouse in Orlando. The 25-year, fully amortizing loan offered a five year …
Mercantile Commercial Capital, LLC Eyes Record Volume of Commercial Loans in August
ALTAMONTE SPRINGS, Fla. – Mercantile Commercial Capital, LLC, which ranks as the southeast’s leading provider of U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, is on its way to a record month in August.
Christopher G. Hurn, president and chief executive officer of the firm, said Mercantile Commercial closed on seven commercial loans worth more than $6.5 million in August.
Hurn said the firm’s best single month since opening its doors in 2002, was October of 2005, when the firm closed on six loans worth more than $5.5 million.
Hurn said August loan closings are up more than 40 percent over last August.
This year Mercantile Commercial Capital projects it will close on …
Altamonte Springs, Fla. — Mercantile Commercial Capital, LLC, which specializes in U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, closed on eight commercial loans that totaled more than $ 13.4 million in June and July and helped to create more than 101 new jobs.
Christopher G. Hurn, president and chief executive officer of Mercantile Commercial Capital, said the loan closings included:
• $2,166,000 to Roofing Concepts Unlimited (RCU), a third-generation, family-owned commercial roofing and sheet metal firm based in Coral Springs, to acquire and renovate its 13,000 square foot office and warehouse facility;
• $263,000 to The Education Factory, a computer technology training center based in Margate, to acquire its 1,132 square foot …
MERCANTILE COMMERCIAL CAPITAL PRESIDENT NAMED TOP MALE “40 UNDER 40” EXECUTIVE IN CENTRAL FLORIDA
Altamonte Springs, Fla. — Christopher Hurn, president of Mercantile Commercial Capital in Altamonte Springs, was recently named the Top Male “40 Under 40” of all executives to watch in Central Florida by Orlando Business Journal, a leading Central Florida business news outlet.
Hurn, who helped launch Mercantile Commercial Capital 3-1/2 years ago to focus on U.S. Small Business Administration (SBA) 504 lending for small business owners who want to acquire or develop their own facilities, has become one of the leading SBA 504 lenders in the southeastern U.S. Hurn said he expects to rank as one of the largest SBA 504 lenders in the nation within the next 12-24 months.
“The SBA 504 lending program is one of the nation’s most effective programs …
MERCANTILE COMMERCIAL CAPITAL, LLC, APPOINTS TWO MARKETING ASSOCIATES
Altamonte Springs, Fla. — Mercantile Commercial Capital, LLC, which specializes in U.S. Small Business Association (SBA) 504 loans for business owners who want to acquire or develop their own facilities, recently appointed two new marketing associates.
Christopher G. Hurn, president of the firm, said he appointed Tammy Hooks and Nick Triadis marketing associates.
Hooks previously worked as the receptionist for Mercedes Homes, while Triadis is a recent MBA graduate of the University of Central Florida.
For more information, contact:
Chris Hurn, Mercantile Commercial Capital, 407-786-5040
Geoffrey Longstaff, Mercantile Commercial Capital, 407-786-5040
Larry Vershel, LV Communications, 407-644-4142
Altamonte Springs, Fla. — Mercantile Commercial Capital, LLC, based in Altamonte Springs, reported it closed five new commercial loans in June that totaled more than $5.8 million in total project costs.
Christopher G. Hurn, President and Chief Executive Officer of the Altamonte Springs-based firm, said the transactions included:
• $484,000 to The Early Childhood Learning Center, a developmental center for children ages one to five for the purchase and construction of a 5,760 SF office building in Lakeland, Florida. The loan featured 90 percent loan-to-cost financing with a fully-amortizing 25-year term and a competitive five-year fixed interest rate.
• $263,000 to H4, Inc., a computer/network support company for the purchase of a 1,132 SF commercial condo in Margate, Florida. The loan featured 85 …
Altamonte Springs, Fla. — Mercantile Commercial Capital, LLC, which specializes in U.S. Small Business Association (SBA) 504 loans for business owners who want to acquire or develop their own facilities, reported it closed on 27 new loans from Jan. 1 through June 30 that totaled more than $31 million in total project costs.
Christopher G. Hurn, president of Mercantile Commercial, said the loans helped to create 248 new jobs.
Hurn said the largest single loan during the period was the Hidden Harbor Marina in Sanford, Florida, a $5.2 million total project.
During June, Mercantile Commercial Capital closed five new loans that totaled more than $5.9 million in total project costs.
One of the firm’s largest loans during the first half of this year — for …
Mercantile Commercial Capital Eyes Record Year
Altamonte Springs, Fla. – Mercantile Commercial Capital, LLC, which specializes in U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, expects to close on a record number of loans this year.
Geof Longstaff, Chairman of the firm, said Mercantile Commercial Capital has closed on 22 loans since January 1 through June 1 that totaled $22.6 million.
Longstaff said he expects the firm will close on loans worth more than $30 million by the end of June and $60 million by the end of the year.
The firm expanded its market base outside Florida, Longstaff said, handling deals in the Boston area, North Carolina, Virginia and Washington State. Last year Mercantile Commercial Capital closed …
Altamonte Springs, Fla. — Mercantile Commercial Capital, LLC, which specializes in U.S. Small Business Administration (SBA) loans for small business owners who want to acquire or develop their own commercial facilities, closed five commercial loans in April for more than $5.3 million.
Christopher G. Hurn, president of the firm, said the loans helped create 42 new jobs.
The largest transaction – for over $2 million – helped a Hurricane Katrina survivor open a 45,000-square foot import-export warehouse in Sanford.
Christopher G. Hurn, president and chief executive officer of the Altamonte Springs-based firm, said the transactions included:
• $2,260,000 to Heritage Gallery, Inc. of Sanford, Florida to purchase a 45,000 square foot office warehouse. Heritage is a direct import, manufacturing and distribution …
MERCANTILE COMMERCIAL CAPITAL PRESIDENT NAMED BANKER OF THE YEAR BY NATIONAL ASSN. OF DEVELOPMENT COMPANIES
Altamonte Springs, Fla. – Christopher G. Hurn, president of Mercantile Commercial Capital, LLC in Altamonte Springs, was honored as 2006 SBA 504 Banker of the Year by the National Association of Development Companies at the NADCO annual meeting held at Walt Disney World recently. NADCO is the 504 Loan industry’s only trade association, and this is their highest individual honor.
Mercantile Commercial Capital ranks as a leading U.S. provider of financing for small business owners who want to acquire or develop their own facilities.
The U.S. Small Business Administration (SBA) 504 lending program supports small businesses that generate new employment.
Hurn was lauded for his efforts in advocating the …
MERCANTILE COMMERCIAL CAPITAL PRESIDENT TO PARTICIPATE IN MAJOR FINANCE, DEVELOPMENT CONFERENCE
Altamonte Springs, Fla. – Christopher G. Hurn, president of Mercantile Commercial Capital, LLC will be one of the featured speakers at the Franchise Times’ 9th Annual Franchise Finance and Development Conference in Las Vegas, May 9.
Hurn, whose company specializes in SBA 504 loans for small business owners who want to acquire or develop their own facilities, will be a panelist on an SBA workshop on borrowing for franchisees.
Hurn said franchise restaurants, including Burger King, Uno Chicago, the Melting Pot, Golden Corral, R.J. Gator’s, Baskin Robbins/Dunkin’ Donuts, Rib Crib and Perkins, have become a key market segment for Mercantile Commercial Capital. Last year the firm closed on half a dozen loans to franchised restaurant owners and other franchisees.
Hurn said Mercantile Commercial Capital …
Altamonte Springs, Fla. – Mercantile Commercial Capital, LLC, which specializes in U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own commercial facilities, plans to offer its financial expertise at the upcoming annual meeting of the National Association of Development Companies (NADCO) at Walt Disney World’s Swan Hotel, May 3-6.
Christopher G. Hurn, president of Mercantile Commercial Capital, said the firm’s conference exhibit was designed to help educate executives of Certified Development Companies (CDC) from across the country.
Mercantile Commercial has been lauded for its efforts to integrate its commercial lending processes with those of CDCs nationwide.
Mercantile Commercial Capital ranks as Florida’s leading provider of SBA 504 financing and one of the largest lenders …
Altamonte Springs, Fla. — Mercantile Commercial Capital, LLC, which specializes in U.S. Small Business Administration (SBA) loans for small business owners who want to acquire or develop their own commercial facilities, reported it closed on four commercial loans in March for more than $4.4 million.
Christopher G. Hurn, President and Chief Executive Officer of the Altamonte Springs-based firm, said the transactions included:
• $345,000 to It’s Your World Learning Center, Inc. to acquire 1,350 square foot commercial building in Jacksonville, Florida. This center will provide daycare services for children between the ages of six weeks to 12 years of age. The loan featured 90 percent loan-to-cost financing with a fully-amortizing 25-year term and a competitive five-year fixed interest rate.
• $246,450 to …
MERCANTILE COMMERCIAL CAPITAL, LLC APPOINTS THREE UCF MARKETING INTERNS
Altamonte Springs, Fla. – Mercantile Commercial Capital, LLC recently appointed three University of Central Florida students as interns in its marketing division. The interns are Markisha Geer, a senior majoring in marketing, Meggie Andramunio, also a senior majoring in marketing, and Sean DiNatale, a junior majoring in business and advertising.
Mercantile Commercial Capital, LLC ranks as Florida’s leading provider of SBA 504 financing and one of the largest lenders of this type nationwide.
For more information, contact:
Chris Hurn, Mercantile Commercial Capital, 407-786-5040
Geoffrey Longstaff, Mercantile Commercial Capital, 407-786-5040
Larry Vershel, LV Communications, 407-644-4142
Altamonte Springs, Fla. – Mercantile Commercial Capital, LLC, the Altamonte Springs-based firm that specializes in U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, reported a big surge in commercial lending during the first three months of 2006.
Christopher G. Hurn, president and chief executive officer of the firm, said Mercantile Commercial Capital closed on 14 commercial loans during the first quarter worth a total of more than $15 million –– a record for the period.
Hurn said Mercantile Commercial Capital set another record for the period as well –– the firm’s first quarter loans will generate 116 new full-time jobs, an important SBA 504 criteria.
In 2005, Mercantile Commercial Capital closed 47 …
MERCANTILE COMMERICAL CAPITAL, LLC HONORED WITH THREE AWARDS
Altamonte Springs, Fla. – Mercantile Commercial Capital, LLC, the Altamonte Springs-based firm that specializes in U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, was recently honored with three major industry awards.
Christopher G. Hurn, President and Chief Executive Officer of the firm, said the U.S. Small Business Administration recently notified Mercantile Commercial Capital that it will be honored at a luncheon in Jacksonville on May 9 with its 2006 “Financial Services Champion of the Year” award for the State of Florida.
Hurn said the award represents Mercantile Commercial Capital’s leading role in providing SBA 504 loans in Florida and encompass both SBA district offices that cover the state.
Hurn said the firm was …
Altamonte Springs, Fla. — Mercantile Commercial Capital, LLC, which specializes in U.S. Small Business Administration (SBA) loans for small business owners who want to acquire or develop their own commercial facilities, reported it closed on four commercial loans in February for more than $3.4 million.
Christopher G. Hurn, President and Chief Executive Officer of the Altamonte Springs-based firm, said the transactions included:
• $780,000 to Central Reservation Service Corp. (CRS) to acquire an office condominium in Maitland, Florida. CRS, which provides free Internet-based hotel reservation services currently employs five and plans to add three more jobs within the next year. The loan featured 90 percent loan-to-cost financing with a fully-amortizing 25-year term and a competitive five-year fixed interest rate.
• $672,000 to …
MERCANTILE COMMERCIAL CAPITAL PROMOTES ZARA, WONUS, NAMES FILLEY SENIOR LOAN ANALYST
Altamonte Springs, Fla. – Mercantile Commercial Capital, LLC, which specializes in U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, recently promoted two executives and appointed a third.
Christopher G. Hurn, President and Chief Executive Officer of the firm, said he promoted Anthony “Tony” Zara to Vice President. Zara has been with Mercantile Commercial Capital for nearly two years and is a graduate of the Wharton School of Business at the University of Pennsylvania.
Hurn also promoted Adam Wonus to Loan Analyst. Wonus has been with the firm for approximately six months. Hurn appointed Sean Filley, Senior Loan Analyst. Filley recently received his M.B.A. from the University of Central …
Altamonte Springs, Fla. – Mercantile Commercial Capital LLC, the Altamonte Springs-based firm that specializes in U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, was honored by the Central Florida Commercial Real Estate Society at its annual Hallmark Awards recently.
Christopher G. Hurn, President and Chief Executive Officer of Mercantile Commercial Capital, was presented with a special award as the region’s Top Mortgage Lender.
In 2005, Hurn’s company closed 47 loans on total project costs of $48,260,255.00.
The firm, which recently celebrated its third anniversary, ranks as the second largest originating SBA 504 lenders in the state and one of the most active in the Southeast.
For more information, contact:
Chris Hurn, Mercantile Commercial Capital, …
MERCANTILE COMMERCIAL CAPITAL HONORS AREA COMMERCIAL PROPERTY BROKERS WITH “BOATIE” AWARDS
Altamonte Springs, Fla. – Mercantile Commercial Capital, LLC, which specializes in U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, recently honored top commercial real estate specialists with its first-ever “Boatie” awards.
Christopher G. Hurn, President and Chief Executive Officer of the firm, said Michael Heidrich, a principal at NAI Realvest in Maitland was honored along with Jeff Gindi and Jeff Miller as Industrial Real Estate Brokers of the Year. Gindi is affiliated with Results Realty and Miller is with Jack Lupo Realty in South Florida.
Hurn said Jenlin Inc. (a Baskin Robbins/Dunkin Donuts franchisee) won the Construction Project of the Year in Central Florida for its $1.7 million project. Other honorees …
Altamonte Springs, Fla. — Mercantile Commercial Capital, LLC, which specializes in U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, hopes to capitalize on a growing trend — recycling older commercial properties for more stylish contemporary use.
Christopher G. Hurn, president and chief executive officer of Mercantile Commercial Capital, said commercial facility “R & R” — short for renovation and repositioning — is a viable option for many small to midsize business owners.
“The inventory of suitable commercial facilities for many of our clients is light and fairly expensive,” said Hurn. “When business owners can’t find suitable accommodations, their next best choice is to look for a building they can modify to …
ALTAMONTE SPRINGS, Fla. – Mercantile Capital Commercial Capital, LLC, recently collected more than $1,700 for Hurricane Katrina victims during the firm’s third anniversary reception at its headquarters in Altamonte Springs.
Christopher G. Hurn, President and Chief Executive Officer of the firm, said just over 300 people who attended their Mardi Gras-themed event each contributed at least $5.00 to the Hurricane Katrina Relief Fund of the American Red Cross.
Mercantile Commercial Capital specializes in U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities.
For more information, contact:
Christopher G. Hurn, Mercantile Commercial Capital, 407-786-5040
Geoffrey Longstaff, Mercantile Commercial Capital, 407-786-5040
Larry Vershel, LV Communications, 407-644-4142
Altamonte Springs, Fla. – Mercantile Commercial Capital, LLC, which specializes in U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, will celebrate its third anniversary Thursday, Feb 23. with a fundraiser to assist victims of Hurricane Katrina.
Christopher H. Hurn, president of Mercantile Commercial Capital, said the firm has already received nearly 300 RSVP’s for the event, which is scheduled from 6 P.M. to 8:30 P.M. at the firm’s headquarters off SR 434 in Altamonte Springs.
Hurn said guests have been invited to donate a minimum of $5 each to attend the celebration which will feature special cocktails, Mardi-Gras-themed food, as well as a live Cajun band, commemorative beads, door prizes and lots …
Altamonte Springs, Fla. — Mercantile Commercial Capital, LLC, which specializes in U.S. Small Business Administration (SBA) loans for small business owners who wish to acquire or develop their own facilities, reported it closed on five commercial loans in December for $5.9 million and completed construction on three more projects valued at $2.5 million
Christopher G. Hurn, president and chief executive officer of the Altamonte Springs-based firm, said the transactions included:
• $671,700 to Complete Soccer Academy Real Estate, LLC to finance site acquisition and construction of a 3,950-square foot indoor soccer facility at 645 Executive Park in Apopka that is slated to open next summer. The loan featured 85 percent loan-to-cost financing with a fully-amortizing 25-year term and a competitive five-year fixed interest rate.
• $350,000 to …
Altamonte Springs, Fla. – Christopher G. Hurn, president and chief executive officer at Mercantile Commercial Capital, LLC, recently participated in the first annual Commercial Property News (CPN) Condominium Summit in Fort Lauderdale where he served as a member of a panel discussing commercial condominiums.
Over the past 20 months, Hurn said Mercantile Commercial Capital has financed some 33 commercial condominium units throughout Florida valued at more than $16 million.
Last year the company, which specializes in U.S. Small Business Administration (SBA) 504 loans for small business owners, reported it closed on 47 loans worth close to $50 million. Mercantile Commercial Capital currently ranks as the largest single provider of SBA 504 loans in Central and North Florida and one of the largest providers in the Florida.
* …
Altamonte Springs, Fla. — Mercantile Commercial Capital LLC, the Altamonte Springs based firm that specializes in U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities reported it closed on 47 loans in 2005.
Christopher G. Hurn, president of the firm, said its SBA 504 loans totaled more than $48.2 million this year.
Last year, the firm’s first full year of operations, they closed 24 loans.
Hurn said job creation is a key goal of the SBA’s 504 program. In 2005, Mercantile Commercial Capital’s lending activities generated 346 jobs. Since the company opened its doors only 35 months ago, Mercantile Commercial created more than 740 jobs.
Chris Hurn, Mercantile Commercial Capital, 407-786-5040
Geof Longstaff, Mercantile …
Altamonte Springs, Fla. — Mercantile Commercial Capital, LLC, which specializes in U.S. Small Business Administration (SBA) loans for small business owners who wish to acquire or develop their own facilities, reported it closed on five commercial loans recently valued at more than $5.5 million.
Christopher G. Hurn, president of the Altamonte Springs-based Mercantile Commercial Capital, said closed loan agreements included:
• $760,000 to Henricks and Associates, Inc., an insurance brokerage, to acquire and renovate its 3,585-square foot Winter Springs office building;
• $1,648,000 to Dall-Haus, Ltd., to build a Culvers Frozen Custard restaurant facility in Marion, Iowa;
• $2,272,000 to A&A West Indian Groceries, Inc., to build a 20,000-square foot warehouse and distribution center at Central Commerce Park in Orlando.
• $349,900 to S.D. Martin Financial Services, Inc., …
MERCANTILE COMMERCIAL CAPITAL, LLC PROMOTES MARKETING ASSOCIATE
Altamonte Springs, Fla. – Mercantile Commercial Capital, LLC, which specializes in U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, recently promoted Robin Lashley to marketing associate.
Christopher G. Hurn, president of the firm, said Lashley joined Mercantile Commercial as administrative assistant in August. She is a graduate of Harding University in Searcy, Ark.
At the same time, Hurn said Jennifer Joyce was named administrative assistant for Mercantile Commercial Capital. Joyce was formerly with Davis, Graham & Stubbs, LLP in Denver and has eight years of experience.
For more information, contact:
Christopher G. Hurn, Mercantile Commercial Capital, LLC 407-786-5040
Geof Longstaff, Mercantile Commercial Capital, LLC 407-786-5040
Larry Vershel, LV Communications, 408-644-4142
Altamonte Springs, Fla. – Mercantile Commercial Capital, LLC, the Altamonte Springs firm that specializes in U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, recently closed on its 75th commercial loan since the firm opened its doors 33 months ago.
Christopher G. Hurn, president of Mercantile Commercial Capital, said the firm posted commercial real estate loan closings that total more than $81.7 million and helped create more than 572 new jobs since the company formed.
The 75th loan involved the acquisition and renovation of Henricks & Associates’ building in Winter Springs at a cost of $760,000. This transaction took only 35 days from the first meeting with the borrower until the closing, Hurn stated. …
SBA 504 LOANS PROVE A BOOM TO SMALL BUSINESSES
Altamonte Springs, Fla. – The U.S. Small Business Administration (SBA) 504 lending program for small business owners who want to acquire or develop their own facilities has financed 80,758 commercial property transactions worth more than $82 billion since its inception in 1986.
More importantly, said Christopher G. Hurn, President of Mercantile Commercial Capital, LLC, in Altamonte Springs, the SBA 504 program has provided support for the creation of more than two million jobs nationwide.
Hurn’s company ranks as the largest and most active SBA 504 proponent in central Florida. Last year the firm closed on 24 504 loans worth more than $31.5 million.
Hurn emphasized his company also helped create more than 230 jobs in 2004 and projects the company will close this year on …
Altamonte Springs, Fla. – Two top executives from Mercantile Commercial Capital, LLC, the Altamonte Springs based firm that specializes in U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, recently returned from Restaurant Finance Monitor’s 16th Annual Restaurant Finance & Development Conference in Las Vegas with some five preliminary franchising agreements valued at more than $8 million.
Christopher G. Hurn, President of Mercantile Commercial and Chairman Geof Longstaff attended the event which attracted more than 2,000 restauranteurs and franchisers from around the country.
“The restaurant industry is booming, especially in high-growth areas such as Florida, and franchise owners who are typically small business entrepreneurs benefit enormously from SBA 504 loans,” said Hurn. Hurn stated that …
Altamonte Springs, Fla. – Two top executives from Mercantile Commercial Capital, LLC, the Altamonte Springs based firm that specializes in U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, recently returned from Restaurant Finance Monitor’s 16th Annual Restaurant Finance & Development Conference in Las Vegas with some five preliminary franchising agreements valued at more than $8 million.
Christopher G. Hurn, President of Mercantile Commercial and Chairman Geof Longstaff attended the event which attracted more than 2,000 restauranteurs and franchisers from around the country.
“The restaurant industry is booming, especially in high-growth areas such as Florida, and franchise owners who are typically small business entrepreneurs benefit enormously from SBA 504 loans,” said Hurn. Hurn stated that …
MERCANTILE COMMERCIAL CAPITAL, LLC RANKS AS LARGEST SBA 504 LENDER IN CENTRAL FLORIDA
Altamonte Springs, Fla. — Mercantile Commercial Capital (MCC) ranks as the largest Central and North Florida provider of U.S. Small Business Administration (SBA) 504 financing for small business owners who want to acquire or develop their own facilities.
Christopher G. Hurn, Chief Executive Officer of MCC, said the firm has served as the region’s top provider of SBA 504 financing for the second consecutive year.
Hurn said MCC’s SBA 504 market share is just over than 14 percent for this region.
“No other lender even comes close to us,” said Hurn. “Only one bank out of hundreds in Florida can boast double-digit market share in this region,” he added.
Hurn said the SBA recently announced it would decrease fees for the third year in …
MERCANTILE COMMERCIAL CAPITAL, LLC, AIMS TO BE MAJOR LENDER TO COMMERCIAL CONDOMINIUM BUYERS
Altamonte Springs, Fla. – Mercantile Commercial Capital, LLC, which specializes in U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, wants to be a major lender to buyers of office and industrial condominiums in Central Florida.
Christopher G. Hurn, President of Mercantile Commercial Capital said the firm has financed the acquisition of 27 commercial condominiums for 22 small business owners valued at more than $14 million since it began financing these 17 months ago. That represents about 16 percent of the firm’s $84 million in total project costs the firm has financed since May of 2003, Hurn said.
The firm should close on its 100th loan by February 2006, Hurn said, in time for the …
Altamonte Springs, Fla. – Mercantile Commercial Capital, LLC, who offers U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, will conduct free workshops for entrepreneurs and business and financing consultants Sept. 14 from 8 to 9:30 a.m. and 10 to 11:30 a.m. at the Disney/SBA National Entrepreneur Center (NEC) at 315 E. Robinson St. in downtown Orlando.
Christopher G. Hurn, president of the firm, said SBA 504 financing offers 90 percent loan-to-cost financing at below-market, long-term fixed rates. For qualified borrowers, the SBA-504 program offers the best terms in the financing industry, Hurn said.
The workshop is open to potential borrowers and commercial real estate brokers, but Hurn said he hopes …
Altamonte Springs, Fla. – Christopher G. Hurn, President and Chief Executive Officer of Mercantile Commercial Capital, LLC in Altamonte Springs, and G. Geoffrey Longstaff, Chairman of the firm, will share duties as co-featured speakers at the Oct. 20 meeting of the Greater Orlando chapter of the Association for Corporate Growth (ACG). They will be discu