MERCANTILE COMMERCIAL CAPITAL, LLC REPORTS IT CLOSED ON FOUR COMMERCIAL LOANS WORTH MORE THAN $3.8 MILLION IN JANUARY
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 to Rock Junction, LLC to acquire the 8,268 square foot Boulders
on Broadway Restaurant in Tempe, Ariz., with a 25-year fully-amortizing term and five-year fixed interest rate;
• $831,600 to Falcon"s Treehouse, LLC to acquire an office condominium in
Orlando. The loan was based on a 25-year, fully-amortizing term with five-year fixed interest rate. Falcons Treehouse is a design and production company.
Altogether, Hurn said, Mercantile Commercial Capital"s loans in January helped generate more than 43 new jobs.
For more information please contact:
Christopher G. Hurn, President Mercantile Commercial Capital, 407-786-5040
Robin Lashley, Mercantile Commercial Capital, 407-786-5040
Larry Vershel or Beth Payan, LV Communications, 407-644-4142


























