All of us at Fountainhead want to wish you and your family a Merry Christmas & Happy Holidays!
It has been quite the hectic December for us as we’ve closed several deals recently and provided an early Holiday gift of commercial real estate ownership for several small business entrepreneurs. But we’re not done just yet… we’ve got two more final deals to close next week, before year-end!
Just so you have a brief reference about what we’re financing these days (and looking to finance more of), our recent closings have included:
- An online e-commerce business located in Florida purchasing and renovating a 10,006 SF commercial warehouse for $1.11 million. This will allow for much needed merchandise storage space as they continue their torrid growth.
- An insurance and retirement planner located in Florida purchasing and renovating a $251,000 commercial condo. We’ve helped this entrepreneur, “say goodbye to her home office,” so she has a more professional location to meet with her growing client base.
- A fashion e-commerce store located in New Jersey purchasing and renovating a warehouse facility for $900,000. This will allow for expanded merchandise storage and operational space.
We felt like we received an “early Christmas present” with the recent passage of a piece of legislation that allows 504 loans (our specialty) finally and permanently to be used for refinances. Chris, our CEO, has been advocating for this for nearly 12 years (more about that in a future post)! Once the rules are promulgated early next year, we’ll be especially excited to help more business owners of small and midsized companies utilize our 504 loans for their wealth-creating projects. Stay tuned for more details.
We would be remiss if we didn’t say how deeply humbled we are by our accomplishments in this first year of our business… many of which wouldn’t have occurred without the support, kind words, and partnerships of people like you. In the spirit of the Season, you have been a Gift unto us this year, and we hope we have done and will continue to do likewise for you and yours. THANK YOU doesn’t quite adequately express our gratitude.
We held our inaugural Holiday dinner last night (we called it our “First Fountainhead Festivus,” as we like alliteration here), sharing great conversation, enjoying delicious food and drinks, and to our surprise, being entertained by a longtime friend and colleague with live holiday songs played on his accordion.
We are extremely excited about some new announcements coming in the New Year and about our future in helping even more owners of small businesses create wealth by using our 504 loan program to acquire, renovate, build, and soon, refinance owner-occupied commercial real estate. We can’t wait to work with you in 2016!
Wishing you and your family a safe and Happy Holiday Season,
The Fountainhead team
And the angel said unto them, “Fear not: for, behold, I bring you good tidings of great joy, which shall be to all people.” – Luke 2:10