Home » Business Articles » Mercantile Capital Corporation Finances Storage Center in Tallahassee, FL Through Commercial Real Estate Loan Worth Over $6.7 Million
Mercantile Capital Corporation Finances Storage Center in Tallahassee, FL Through Commercial Real Estate Loan Worth Over $6.7 Million
Mercantile Capital Corporation, one of the nation's leading providers of U.S. SBA 504 loans, closed a commercial loan for FSR Leasing Group, LLC dba Storage Center at Southwood recently for $6,708,000 in total project costs.
ALTAMONTE SPRINGS, FL, January 21, 2012 /Business PR News/ -- Mercantile Capital Corporation, 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 a commercial loan for FSR Leasing Group, LLC dba Storage Center at Southwood recently for $6,708,000 in total project costs.
The Storage Center at Southwood provides climate-controlled units of various sizes (ranging from 5X5 to 10X30), a state-of-the-art security system and electronic access. An expansion is planned of approximately 50,000 square-foot via construction of another 2 story building on the premises, which should also create some additional jobs.
"It was a pleasure working with Sean Filley and the team at Mercantile Capital," said owner Mercer Fearington. "Mercantile, along with Hunter & Harp Capital, helped make our concept become reality even more quickly than we expected."
The SmartChoice Commercial Loan Program helps owners of small to mid-sized businesses, like FSR Leasing Group, LLC, have an opportunity to create wealth and financial freedom. Their specialization in SmartChoice Commercial Loans, also known as SBA 504 loans, allows borrowers, like Mercer Fearington, to own their commercial property with the highest cash-on-cash return financing available, without tying up their precious capital, so they can grow even faster.
For more information, visit http://www.504Experts.com and http://www.504Blog.com.
Mercantile Capital Corporation ranks as one of the most active providers of SBA 504 loans nationwide, providing owners of small and mid-sized businesses the option to own commercial property with up to 90 percent loan-to-cost financing. Visit www.504Experts.com or www.504blog.com for more information.
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Press Release Contact Information:
Chris Hurn
Mercantile Capital Corporation
CEO
940 Centre Circle, #3006
Altamonte Springs, FL
United States 32714
Voice: 407-786-5040
Fax: 407-682-1632
Website: Visit Our Website |
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