Orlando, FL, October 13, 2012 --(PR.com
)-- 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 Miami Hotels, LLC d.b.a. Value Place recently for $7,985,000 in total project costs.
Value Place is the only extended-stay lodge in the Kendall-Homestead areas and was built to Category-5 storm standards. It offers a 500-KW generator, creating a fully operational 121 room hotel during a crisis storm. They maintain a clean, affordable and safe environment featuring 38 security cameras, ample parking areas, and immediate proximity to shopping, restaurants and entertainment.
The SBA 504 loan program helps owners of small businesses, like Value Place, have an opportunity to create wealth and financial freedom. MCC’s specialization in SBA 504 loans, allows borrowers 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.
“The SBA 504 loan program is one of the most effective economic development and job creation programs the U.S. government has come up with,” said Chris Hurn, CEO of Mercantile Capital Corporation.
“We can help small business enterprises grow by helping them take control of their commercial real estate expenses with below-market, fixed interest rates, and longer terms than are available with ordinary commercial financing right now,” he added.
For more information, visit http://www.504Experts.com and http://www.504Blog.com.