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.
- Orlando, FL (1888PressRelease) January 20, 2012 - 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.