Our office is buzzing today after being closed for the Labor Day holiday. I hope you had a nice, long weekend and were able to enjoy an extra day away from the office. I’m pretty sure everyone here at Mercantile spent yesterday relaxing and recharging since we just finished the most productive month ever for our company.
In August we closed nine loans worth more than $21.6 million in total project costs — the highest monthly total in Mercantile history. Our previous record was set in June 2010, when we closed nine loans worth $20.5 million in total project costs. So far this year, we’ve closed loans worth more than $110.9 million in total project costs and have helped create or retain 755 total jobs as a result of our efforts.
This is a really big deal for our Mercantile Family, and it goes to show that commercial real estate financing is something that is totally doable…even though we’re all still dealing with some of the most “interesting” economic times in recent memory. Whether you yourself are thinking about buying commercial property for your business or you know someone who is (or should be), call us today to get the ball rolling.
Lots of people ask me when they should get a lender (us) involved in the process, to which I reply, “Right away!” We will Pre-Approve you, your Clients, and anyone you refer to us so that the question of “How much property can I afford?” is taken care of right from the get-go. I don’t know of any other commercial lenders who offer this service, so be sure to take advantage of it.
You can get in touch with me at 1-866-622-4504 or ChrisHurn@Mercantilecc.com. I hope to hear from you soon, and we look forward to helping you and anyone you refer to us capitalize on the benefits of commercial property ownership.
Dedicated to Your Continued Success,
P.S. Remember, our SmartChoice® Commercial Loans (aka SBA 504 loans) offer long-term, below-market, fixed-rate financing with as little as 10% down. And since we’re able to roll equipment, soft costs and closing costs into the loan, it’s a true 10% (as advertised). To learn more about our SmartChoice® Loans, go here.
P.P.S. Did you catch the part about 775 jobs being created or retained as a result of our commercial property financing? This is a big deal, and something I’m especially proud of. Our SmartChoice® Commercial Loans are designed to help small business owners grow their businesses and create jobs. That’s one of the reasons I’m so gung-ho about what we do. With all the talk about the need to create jobs (and Washington’s apparent lack of ability to do so), perhaps we should simply do more to help small business owners thrive (something I’ve written about more than a few times here on this blog). What do you think?
Tags: Business, Business_Finance, commercial property financing, commercial real estate financing, commercial real estate loan, Economics, Labor Day, real estate financing, SBA 504 Loan, Small Business Administration