Mercantile Commercial Capital Provides Commercial Real Estate Loan to Coakley’s Restaurant in New Cumberland Worth More Than $2.1 Million
Altamonte Springs, Fla. – January 27, 2009 – Mercantile Commercial Capital, LLC, 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 Coakley’s Restaurant & Tavern on December 31th, 2008 for $2,107,200.00 in total project costs.
Coakley’s Restaurant & Tavern has been in operation for over 31 years and is considered to be a landmark destination located in New Cumberland, Penn. The location has been a bar/tavern since the late 1800’s. Coakley’s is even considered the local unofficial headquarters for the Pittsburg Steelers. Their menu offers American Cuisine with a distinct Irish pub flair.
“Getting financing through Mercantile’s SmartChoice loan was a streamlined process,” said Timothy Hogg, owner of Coakley’s. For more information on Coakley’s Restaurant & Tavern, please visit www.coakleys.com.
Mercantile Commercial Capital’s SmartChoice Commercial Loan Program helps owners of small to mid-sized businesses, like Mr. Hogg, have an opportunity to create wealth and financial freedom. Mercantile’s specialization in SmartChoice Commercial Loans, also known as SBA 504’s, allow borrowers to own their property with the highest cash-on-cash return available, without tying up their precious capital.
For more information, visit www.TheSmartChoiceLoan.com and www.504Blog.com.
Chris Hurn, Mercantile Commercial Capital, LLC 407-786-5040
Robin Lashley, Mercantile Commercial Capital, LLC 407-786-5040