MERCANTILE CAPITAL CORPORATION PROVIDES COMMERCIAL REAL ESTATE LOAN TO GOLDEN MEADOW MARINA FOR MORE THAN $3.9 MILLION
Altamonte Springs, Fla./July 2, 2009 – 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 Chris Moran Enterprises, LLC (dba The Kajun Sportsman) on June 1st, 2009 for $3,930,00 in total project costs.
The project consisted of a marina/restaurant/motel development. The Kajun Sportsman Marina is convenient to backwater fishing or access thru Port Fourchon to the Gulf of Mexico and often hosts the prestigious Yamaha Professional Kingfish Tour. Anthony’s Restaurant and Bar serves the freshest shellfish and many specialty items, including an extensive wine list and full bar. Visitors can then retreat to the Kajun Motel to rest before enjoying another day of boating and fishing.
“The staff at Mercantile went above and beyond. They couldn’t have been more helpful or professional,” said Chris Moran, owner of Chris Moran Enterprises, LLC. For more information, visit www.TheKajunSportsman.com.
Mercantile Commercial Capital’s SmartChoice Commercial Loan Program (aka the SBA 504 loan) helps owners of small to mid-sized businesses, like Mr. Moran, have an opportunity to increase their net-worth through commercial property ownership. Mercantile’s specialization in SmartChoice Commercial Loans allows their borrowers to own their commercial property with one-third to half the down payment required by ordinary banks, while getting the least expensive capital available in the marketplace. This enables business owners to reduce their risk and stay more liquid, while gaining all the benefits of commercial real estate ownership.
Chris Hurn, Mercantile Capital Corporation, 407-786-5040
Robin Lashley, Mercantile Capital Corporation, 407-786-5040