Recent Headlines
New Options to Refinance Commercial Real Estate Loans; SBA Now Offering Low Rates for Certain Working Capital Costs
The federal government recently released new regulations enabling business owners to refinance owner-occupied commercial real estate loans, and to include – for the first time ever – certain working capital costs. Small businesses facing high interest rates on commercial debt may now... - November 03, 2011 - Mercantile Capital Corporation
Mercantile Capital Corporation Reports Third Quarter Commercial Loan Closings; Finances Projects Worth $55 Million
Mercantile Capital Corporation, one of the nation's leading providers of U.S. Small Business Administration (SBA) 504 loans, closed five commercial loans in September 2011 to finance more than $13.8 million in total project costs. An SBA 504 loan is a long-term, fixed-rate loan for small businesses... - October 29, 2011 - Mercantile Capital Corporation
zIngenuity’s New Analytical Report on the Mortgage Insurance Industry Available for Download
zIngenuity, a boutique mortgage consulting firm that provides solutions to lenders and servicers on mortgage finance related issues, announced today the availability of its October 2011 report and analysis on the mortgage insurance (MI) industry through their website. The comprehensive report,... - October 28, 2011 - zIngenuity, Inc.
Mercantile Capital Corporation Provides Commercial Real Estate Loan in Draper, UT Worth Over $9.8 Million
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 Jed R. Bindrup, MD, PC recently for $9,894,000... - October 28, 2011 - Mercantile Capital Corporation
Mercantile Capital Corporation to Host Free Webinar on SBA 504 Loan’s New Focus on Refinancing, Operating Capital
Mercantile Capital Corporation, which ranks as one of the nation’s most active providers of U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, will host a free webinar on Tuesday, Nov. 1, to explain new rules... - October 27, 2011 - Mercantile Capital Corporation
RMCN Teamwork
On Tuesday October 25th Derrick Scobey, Kim Danna, Eric Green, and David Harry of RMCN Credit Services helped with McKinney Make a Difference Day. Lisa Bourasssa from the Volunteer McKinney Center said, "Thank you so much for helping us close out the McKinney Make a Difference Day can drive. I... - October 26, 2011 - RMCN Credit Services, Inc.
Shane Willis with Re/Max Orange Beach Offers a Helping Hand to Local Homeowners Headed Toward Foreclosure
Distressed property expert urges homeowners struggling with mortgage payments to pursue lower-impact alternatives - October 26, 2011 - Shane Willis LLC
RMCN Gives Back to the Community
On Saturday, October 22, 2011, representatives from RMCN Credit Services, Inc. participated in McKinney Make a Difference Day by volunteering at Holy Family School. There were over 40 volunteers; many were in the current class of Leadership McKinney or were prior graduates. At 8:00 AM in the... - October 25, 2011 - RMCN Credit Services, Inc.
New Mortgage Comparison Resource Announced to Save Borrowers Money
Loans-101 announces the launch of a brand new resource to compare today's home loan programs online at www.mortgagecomparison.net. With interest rates at the lowest levels on record, the time could be right to buy a home or refinance your current mortgage. A mortgage comparison can help you determine which one of today's most popular loan programs is best for your circumstances. - October 23, 2011 - Mortgage Comparison
New SBA Rules That Allow SBA 504 Financing for Business Expenses Could Double Loan Volume at Mercantile Capital Corporation
Mercantile Capital Corporation, which already ranks as one of the largest providers of U.S. Small Business Administration (SBA) 504 financing for small business owners who want to acquire or develop their own facilities, could see its loan volume double thanks to new SBA rules that allow SBA 504 financing to refinance current conventionally-financed loans and provide working capital. - October 22, 2011 - Mercantile Capital Corporation
First Cal Prepares for Expansion
First California Mortgage Company (First Cal) is pleased to announce L. Andrew Pollock has joined the firm as President and Chief Administrative Officer. Previously, Andrew was a Managing Partner of Global Logic Advisors, LLC. Before that, Andrew was President and CEO of First Franklin (a Merrill... - October 22, 2011 - First California Mortgage Company
Mercantile Capital Corporation Reports Five Commercial Loan Closings in September to Finance Projects Worth Nearly $14 Million
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, closed five commercial loans in September to finance projects worth more than $13.8 million in total project costs. - October 20, 2011 - Mercantile Capital Corporation
Mercantile Capital Corporation Provides Commercial Real Estate Loan in Winter Garden, FL Worth Over $600,000
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 Horizon Food Company, DBA, Horizon Food... - October 19, 2011 - Mercantile Capital Corporation
StreetMac Asset Managers Acquire Texas and Oklahoma Malls
StreetMac Asset Managers, LLC, a Northbrook, Illinois-based asset management and financial services firm, announced that an affiliate has purchased the Brazos Mall in Lake Jackson, Texas and the Shawnee Mall in Shawnee, Oklahoma through a joint venture with an affiliate of Stamford,... - October 14, 2011 - StreetMac, LLC
McBassi & Company CEO Laurie Bassi on “Tim Connolly’s Winning Strategies” on Friday, October 14 at 12:00 p.m. CT
Laurie Bassi, CEO of McBassi & Company and author of Good Company: Business Success in the Worthiness Era will appear at noon CT on Tim Connolly's Winning Strategies www.winningstrategies.net this Friday, October 14. Listen live on www.winningstrategies.net CRN Digital Talk Radio Network on CRN... - October 13, 2011 - Corporate Strategies, LLC
John Walsh of Total Mortgage Receives 2011 New England "Mortgage Titan" Award
Recognized for high ethical standards and providing borrowers affordable real estate financing solutions. - October 12, 2011 - Total Mortgage
Mercantile Capital Corporation Provides Commercial Real Estate Loan in Augusta, GA Worth Over $3.7 Million
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 Masters Hotel Group, LLC dba Comfort Inn &... - October 08, 2011 - Mercantile Capital Corporation
The BSC Group Named 2011 Best of Business, Finance, by Readers of Inside Self-Storage Magazine
The BSC Group Announces It Was Named 2011 Best of Business, Finance, by the Readers of Inside Self-Storage Magazine. - October 06, 2011 - The BSC Group, LLC
Mercantile Capital Corporation Provides Commercial Real Estate Loan in Clermont, FL Worth Over $2.3 Million
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 Florida Fast Lubes, Inc., dba Valvoline... - October 06, 2011 - Mercantile Capital Corporation
Mercantile Capital Corporation Provides Commercial Real Estate Loan in Capitol Heights, MD Worth Nearly $6.7 Million
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 3AM, LLC dba Country Inn and Suites recently... - October 05, 2011 - Mercantile Capital Corporation
Calgary’s Mortgage Broker Announces Alberta Business Expansion
Larry Arnason, Calgary’s Mortgage Broker, announces business expansion to now include full mortgage and home financing services in Airdrie, Lethbridge, Red Deer, Edmonton, and throughout rural Alberta. - October 03, 2011 - Calgary Mortgage Broker, Larry Arnason
Mortgage Delivery Specialists GSE ULDD/MISMO Ready
Mortgage Delivery Specialists (MDS) has completed its GSE ULDD MISMO Version 3.0 framework verification and incorporated the new requirement into its mortgage loan agency delivery services. - September 29, 2011 - Mortgage Delivery Specialists LLC
Mercantile Capital Corporation Announces Lowest Rate in History for Small Business Administration's 504 Loan Program
Mercantile Capital Corporation today announced a new milestone for the Small Business Administration's 504 Loan Program - a record low interest rate of 4.62 percent for a 20-year fixed rate loan. Business owners, who are looking for capital to invest in their businesses, have an opportunity to borrow money at never before seen rates. - September 26, 2011 - Mercantile Capital Corporation
Mercantile Capital Corporation Provides Commercial Real Estate Loan in Orlando, FL for $352,200
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 Doc Watts Electric, Inc. recently for $352,200... - September 24, 2011 - Mercantile Capital Corporation
Sperry Associates Federal Credit Union Appoints New Director of Human Resources – Global HR Executive Sandra Baron to Lead Organization’s Development
Sperry Associates Federal Credit Union today announced the appointment of Sandra Baron as Director of Human Resources. Ms. Baron joins Sperry from Country Life LLC, a Kikkoman Group Company, in Hauppauge, New York. Viewed as a strong leader by colleagues, Baron has 30 years of human resource... - September 22, 2011 - Sperry Federal Credit Union
Mercantile Capital Corporation Hires Four New Associates
Mercantile Capital Corporation, a wholly-owned subsidiary of Old Florida National Bank, that ranks as one of the nation’s leading providers of U.S. Small Business Administration (SBA) loans for small business owners who want to acquire or develop their own facilities, recently hired four new... - September 22, 2011 - Mercantile Capital Corporation
Sperry Associates Federal Credit Union Appoints New Vice President of Operations – Maureen Genna Selected to Manage Business Operations and Lending
Sperry Associates Federal Credit Union today announced the recruitment of Maureen Genna as Vice President of Operations. Ms. Genna joins Sperry from Long Island State Employees Federal Credit Union (LISEFCU) in Hauppauge, New York. A seasoned professional with over 25 years of Credit Union... - September 22, 2011 - Sperry Federal Credit Union
Mortgage Consulting and Actuarial Firm zIngenuity Hires Bob Voll as Vice President, Business Development
zIngenuity, a national provider of risk management and loss mitigation services for mortgage lenders and servicers, has hired Bob Voll as Vice President, Business Development. In this role, Bob is responsible for all sales and marketing activities and will work closely with the leadership team and... - September 21, 2011 - zIngenuity, Inc.
Mercantile Capital Corporation Provides Commercial Real Estate Loan in Sanford, FL Worth Over $11.2 Million
Mercantile Capital Corporation, one of the nation’s leading providers of U.S. SBA 504 loans closed a commercial loan for Showtime Investments, Inc. dba Sanford Auto Dealers Exchange (SADE) recently for $11,235,000 in total project costs. - September 21, 2011 - Mercantile Capital Corporation
Mercantile Capital Corporation Announces Lowest Rate in History for Small Business Administration’s 504 Loan Program
Mercantile Capital Corporation, a wholly-owned subsidiary of Old Florida National Bank, today announced that the 20-year effective interest rate for the U.S. Small Business Administration (SBA) 504 Loan Program has fallen to a new all-time low of 4.69 percent. - September 17, 2011 - Mercantile Capital Corporation
JuxtaBid.com Launch
JuxtaBid.com is launching an exciting and fun forum for borrowers to access personal loans, mortgages and insurance at competitive rates. Juxta Bid is an intermediary technology service between financial institutions, non-institutional lenders and borrowers. Lenders and financial service providers... - September 16, 2011 - Juxta Bid
Bryan Perry to Guest Host “Tim Connolly’s Winning Strategies” on Friday, September 16 at 12:00 p.m. CT
Bryan Perry, Money Manager and author of Cash Machine (www.cashmachineincome.com) will guest host Tim Connolly’s Winning Strategies on Friday, September 16 at 12:00 p.m. CT. Bryan’s guest this week will be Sam Collins, Chief Technical Analyst at InvestorPlace Media... - September 16, 2011 - Corporate Strategies, LLC
Mercantile Capital Corporation Closes on Nine Commercial Loans in August to Finance Projects Valued at Over $21.6 Million
Mercantile Capital Corporation, in Altamonte Springs, a wholly-owned subsidiary of Old Florida National Bank, reports it closed nine commercial loans in August to finance projects valued at more than $21.6 million in Florida, Texas, California, Georgia and Maryland. Chris Hurn, chief executive... - September 15, 2011 - Mercantile Capital Corporation
Sperry Associates FCU Launches "Operation: Helping Heroes" to Provide Assistance for 9/11 First Responders – New Effort Commences with Donation to FealGood Foundation
Sperry Associates Federal Credit Union today announced the launch of Operation: Helping Heroes, a long-term initiative to provide support and awareness on issues facing 9/11 first responders. The Nassau County community banking institution lost five members on 9/11, and in their honor, will pledge... - September 09, 2011 - Sperry Federal Credit Union
USSCO Federal Credit Union Renovations Strengthen Community Roots
The USSCO Federal Credit Union has been a part of the Moxham section of Johnstown, Pa., since it was established in 1958 to serve the employees of the once massive U.S. Steel Company Johnstown Works. More than five decades later, USSCO Federal Credit Union continues to build on its Moxham roots... - September 03, 2011 - USSCO
National Association of Premier Lenders Announces the NAPL Fall 2011 Conference
The NAPL Fall 2011 Conference will be dedicated to discussing the most important issues facing the 504 loan program industry in today’s economy, and will specifically focus on servicing, recovery, liquidation and legislative efforts. - September 02, 2011 - Mercantile Capital Corporation
The BSC Group Arranges $74.6M Financing for 19 Property Portfolio Acquisition
The BSC Group, LLC, a leading commercial real estate financing advisor and provider of debt and equity capital solutions for self-storage owners, announced it arranged $74.6M in financing for a 19-property self-storage portfolio acquisition. - September 01, 2011 - The BSC Group, LLC
First Option Mortgage Tops Indianapolis Customer Satisfaction Survey
First Option Mortgage’s professionals rated in the “elite” seven percent - August 31, 2011 - First Option Mortgage & Lending
First Cal Wholesale Vision is Clear with New Leadership
First California Mortgage Company (First Cal) is pleased to announce Michael McIlrath as National Director Wholesale Production. “Michael McIlrath brings to First Cal the depth of Industry experience necessary to continue our vision of creating value and profitable partnerships with our... - August 27, 2011 - First California Mortgage Company
Peter Fugaro Earns Certified Mortgage Banking (CMB) Designation from Mortgage Bankers Association
Mortgage Technology and Marketing Consulting Firm Prymak's President earns Industry's Highest Professional Designation - August 25, 2011 - Prymak LLC
Mercantile Capital Corporation Closes $11.2 Million Commercial Loan, Largest in Company History
Mercantile Capital Corporation, in Altamonte Springs, recently closed the largest single commercial loan in the company’s eight year history to finance improvements valued at more than $11.2 million at the Sanford Auto Dealers Exchange, located on Martin Luther King Blvd. in Sanford. Geof... - August 25, 2011 - Mercantile Capital Corporation
First Cal Receives Distinguished Award at Annual CAMP Event
First California Mortgage Company (First Cal) was awarded the 2011 Corporate Affiliate of the Year Award by the California Association of the Mortgage Professionals (CAMP). The award was presented during CAMP’s Annual Event, Summer Camp, in San Jose, CA. “The California Association of... - August 13, 2011 - First California Mortgage Company
Safe Income Investing in an Unsafe Market on “Tim Connolly’s Winning Strategies” on Friday, August 12 at 12:00 p.m. CT
Tune in to Tim Connolly’s Winning Strategies (www.winningstrategies.net) on Friday, August 12 at 12:00 p.m. CT to hear Tim and Dr. Jan Vandersande discuss safe income investing when fear rules the market, and what Fed Chairman Ben Bernanke’s commitment of two more years of low rates... - August 11, 2011 - Corporate Strategies, LLC
Mercantile Capital Corporation Closes 24 Loans During First Half of 2011 to Finance Projects Valued at More Than $69.1 Million
Mercantile Capital Corporation, one of the nation’s largest providers of U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, reported it closed 24 commercial loans from Jan. 1 through June 30 to finance projects... - August 04, 2011 - Mercantile Capital Corporation
First California Mortgage Company Has New Leadership in the Retail Division
First California Mortgage Company (First Cal) is pleased to announce a change in the role of Director of Retail Production. First Cal has promoted industry veteran Steve Majerus to be the new director. “The company has expanded the reach of its Retail Division to 10 states, 26 offices and... - July 31, 2011 - First California Mortgage Company
Money Manager and Author of Cash Machine Bryan Perry to Appear on “Tim Connolly’s Winning Strategies” on Friday, July 29 at 12 pm CT
Money Manager Bryan Perry, author of Cash Machine www.cashmachineincome.com, will appear on “Tim Connolly’s Winning Strategies” www.winningstrategies.net on Friday, July 29 at 12:00 p.m. CT. Mr. Perry's Cash Machine is all about combing the hundreds of income-generating ideas that... - July 29, 2011 - Corporate Strategies, LLC
Impending SBA 7(A) Loan Cap Doesn’t Affect Mercantile Capital SBA 504 Loans
U.S. Small Business Administration funds for small business owners who want to acquire or develop their own facilities under the U.S. Small Business Administration (SBA) 504 loan program aren’t in danger of drying up anytime soon, says one of the nation’s leading providers of SBA 504 loans. - July 29, 2011 - Mercantile Capital Corporation
Jonathan Hill Joins Gibraltar Private Bank & Trust as Investment Strategy Specialist
Gibraltar Private Bank & Trust today announced that Jonathan Hill has been hired as an investment strategy specialist. He will be based in the bank’s Coral Gables headquarters and will work within Gibraltar’s wealth management division. - July 28, 2011 - Gibraltar Private Bank & Trust
W Technologies, Inc. Commences Current Information Reporting on OTC Pink Markets
(OTC Pink: WTCG) - W Technologies, Inc. (WTCG) qualified as a Current Information status company on the OTC Pink Markets effective Wednesday, July 20, 2011. The OTC Markets website describes this status as, “OTC Pink Current Information identifies companies that make current disclosure... - July 26, 2011 - Corporate Strategies, LLC
Terrace Capital Spearheads $7.2MM Refinance for Multifamily Property in Atlanta, GA
Terrace Capital, Inc., represented an established, local multifamily real estate developer (MSC Investment & Management) in the refinance of Sierra Forest Apartments, a 272-unit class B, apartment complex located at 6660 Mableton Parkway in the city of Mableton, Cobb County, Georgia. The city of Mableton is located in the Atlanta Metropolitan Statistical Area and has a population of approximately 26,000. - July 22, 2011 - Trinity Street Capital Partners